The World Bank Country Director for Sri Lanka has said that they are hoping to rearrange the existing projects to provide financial assistance to cope with the difficult situation.
He said the World Bank would extend further support after the government reaches an agreement with the International Monetary Fund.
The matter was revealed during a discussion between World Bank representatives and President Gotabaya Rajapaksa at the President’s Palace in Colombo Fort this afternoon.
Meanwhile, President Rajapaksa has pointed out the current situation in the country and the need to extend the World Bank loan assistance to banks and financial institutions.
The President’s Media Division said the Head of State had also requested that loans be made available at low interest rates for agriculture, livestock, small and medium scale industries and businesses.
Additionally, the World Bank representatives have indicated that they have already decided to allocate funds to procure domestic gas and fertilizer.