The World Bank is set to approve US dollars 700 million in budgetary and welfare support for Sri Lanka later this month when the Board conducts its next meeting, according to sources from the Bank.
US dollars 500 million of the funding will be for budgetary support and will be made available in two tranches of equal amounts, following approval.
The balance US dollars 200 million is due for programmes to reduce poverty which will be a boost to the Government’s poverty eradication programmes due to come into effect in July.
The Board meeting of the World Bank is due to be held on June 28.
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
Leave Comments