World Bank Archives - Lanka Puvath

Written by:chanaka inojPosted on:20th December 2023

(LANKAPUVATH | COLOMBO) – The World Bank released the second tranche of the US$500 million Sri Lanka Resilience, Stability and Economic Turnaround (RESET) Development Policy Operation (DPO), considering the continued satisfactory progress made by the government with the reform program.

Written by:chanaka inojPosted on:10th November 2023

(LANKAPUVATH | COLOMBO) – The World Bank’s Board of Executive Directors today approved $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector.

Written by:chanaka inojPosted on:5th October 2023

(LANKAPUVATH | COLOMBO) – Sri Lanka’s economy is expected to grow by 1.7% in 2024 after contracting by 3.8% in 2023, says the World Bank in its twice-a-year update, while signaling that the outlook is clouded with uncertainty and that growth prospects depend on progress with debt restructuring and the implementation of critical structural reforms.

Written by:chanaka inojPosted on:20th June 2023

(LANKAPUVATH | COLOMBO) – World Bank is likely to approve a $700 million financial assistance to Sri Lanka next week, Reuters has reported according to sources.

Written by:chanaka inojPosted on:9th May 20239th May 2023

(LANKAPUVATH | COLOMBO) – The Cabinet of Ministers has granted approval for the government to hold discussions with the World Bank for a loan of US$ 200 million for social security programs in Sri Lanka.

Written by:chanaka inojPosted on:1st March 2023

(LANKAPUVATH | COLOMBO) –World Bank Vice President for South Asia, Martin Raiser, who today concluded his four-day visit to Sri Lanka, has reaffirmed the World Bank’s continued support to help the country navigate economic challenges, implement critical reforms, and chart a path towards a resilient and inclusive recovery.

Written by:chanaka inojPosted on:28th February 2023

(LANKAPUVATH | COLOMBO) – At least half a million people in Sri Lanka lost their jobs in 2022, majority of them being employed women and those in the industry and services sectors, the World Bank says.

Written by:chanaka inojPosted on:1st December 2022

(LANKAPUVATH | COLOMBO) – Sri Lankan Prime Minister Dinesh Gunawardena held discussions with World Bank Country Director Chiyo Kanda and senior Strategy and Operations officials about the progress of ongoing projects and proposed future projects, Prime Minister’s Office said.