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World Bank to provide USD 600 Mn in financial assistance to Sri Lanka

The World Bank has agreed to provide USD 600 million in financial assistance to address  the economic crisis in Sri Lanka.

World Bank Country Manager Chiyo Kanda, following a meeting with President Gotabaya Rajapaksa yesterday, said USD 400 million will be released shortly under the first phase.

Kanda said so at a meeting between World Bank representatives and the President held at the President’s House.

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 said they will continue to provide assistance to Sri Lanka to overcome the present economic crisis.

Adviser of the World Bank in Sri Lanka Husam Abudagga, Practice Leader for Human Development Rene Solano, Finance Minister Ali Sabry, Trade and 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 Director General of National Planning Department R.H.W.A. Kumarasiri were also present, the PMD said.