Apr 26, 2022

World Bank to provide US$ 600 mn financial aid Featured

The World Bank is to provide US$ 600 million in financial aid as a solution to the current economic crisis, assuring continued support, said the President’s Media Division.

During a meeting between President Gotabaya Rajapaksa and the World Bank representative in Sri Lanka on Tuesday (26) at the President’s office, Chiyo Kanda, the World Bank’s Country Manager for the Maldives and Sri Lanka, had stated that $400 Mn will be provided in the first phase.The funds will be directed to meet medicine and health requirements, social security, agricultural, food security, and gas needs.

The World Bank representatives informed that they will continue to assist Sri Lanka in overcoming the current economic crisis. 

World Bank Adviser to Sri Lanka Husam Abudagga, Practice Leader for Human Development at the World Bank Rene Solano, Minister of Finance Ali Sabry, Minister of Trade and Samurdhi Development Shehan Semasinghe, Secretary to the President Gamini Senarath, Secretary to the Ministry of Finance KMM Siriwardena, Secretary to the Ministry of Labor MPDUK Mapa Pathirana, Deputy Secretary to the Treasury RMP Ratnayake and the Director General of the Department of National Planning RHWA Kumarasiri were present at the discussion.