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| Sunday, 10 October 2004 |
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Japan backs SEMA for development From Deepal Warnakulasuriya in Tokyo Sri Lanka's public sector is too big and inefficient. Therefore a corporate program is a must. A program like the Strategic Enterprise Management Agency (SEMA) would assist in the infrastructure development of the country, a senior official from the Japan Bank for International Corporation (JBIC) Head Quarters in Tokyo told the 'Sunday Observer' last week. He said that JBIC conducted a preliminary research before the historic cease-fire agreement was signed between the government and the LTTE and based on that they provided an ODA loan last year which had been used in part to fund the rehabilitation of reservoir irrigation systems in northeast regions where development had been delayed by the civil war throughout the last two decades. He also added that Japan's stance on Sri Lanka's Peace process had already been declared at the Tokyo Donor Conference last year. JBIC assistance to Sri Lanka will continue as usual. He said that JBIC will prioritize on Sri Lanka's economic, infrastructure development, and assistance for the poor emphasizing the assistance on social development projects strengthening the organizational capacity of the government sector. "We are not asking the SL government to go for privatization. SEMA which the government has already started will release politicians and cabinet ministries from the day to day administration and business operations of a number of companies. And it will allow them to work to solve the country's major problem", he added. |
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