World Bank to provide USD 600 million financial assistance to Sri Lanka

The World Bank has agreed to provide US$ 600 million in financial assistance to address Sri Lanka’s current economic crisis. The World Bank Country Manager Chiyo Kanda, said US$ 400 million will be released shortly under the first phase.

Ms. Chiyo Kanda made these remarks at a meeting between World Bank representatives and President Gotabaya Rajapaksa at the President’s House in Colombo on Tueday.

This financial assistance will be provided to meet medicinal drugs and health needs, social security, agricultural and food security and gas needs. The World Bank representatives also stated that they will continue to provide assistance to Sri Lanka in overcoming the current economic crisis, the President Media Division said. 

Adviser of the World Bank in Sri Lanka Husam Abudagga, Practice Leader for Human Development Rene Solano, Finance Minister Ali Sabry, Trade & Samurdhi Development Minister Shehan Semasinghe, Secretary to the President Gamini Senarath, Finance Ministry Secretary K. M. M. Siriwardena, Labour Ministry Secretary M. P. D. U. K. Mapa Pathirana, Deputy Secretary to the Treasury R. M. P. Rathnayake and the Director General of National Planning Department R. H. W. A. Kumarasiri were also present.