(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."World Bank approves $150 Million to strengthen financial sector in SL"
(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."Revenue mobilization is fundamental for Sri Lanka to get on a sustainable fiscal path – World Bank"
(LANKAPUVATH | COLOMBO) – World Bank is likely to approve a $700 million financial assistance to Sri Lanka next week, Reuters has reported according to sources."World Bank set to approve $700 mln for Sri Lanka next week"
(LANKAPUVATH | COLOMBO) – The Cabinet of Ministers has granted approval for the government to hold discussions with the World Bank for a loan of US$ 200 million for social security programs in Sri Lanka."Sri Lanka to hold discussions with World Bank for a $ 200 million loan for social security programs"
(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."Visiting World Bank top official reaffirms support to protect the people of Sri Lanka"
(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."At least 500,000 Sri Lankans lost their jobs in 2022 – Top WB official"
(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."World Bank assures continuous support to Sri Lanka"