World Bank Inks Financing Deals with Sri Lanka

The World Bank and Sri Lanka have formalized financial agreements worth a total of USD125.4 million to support three development projects in Sri Lanka.

Of the amount, USD57.4 million will be used to improve access of small and medium-sized enterprises to finance, while another USD50 million will help to improve the delivery of local services in the Northeast Province by rebuilding critical infrastructure such as roads, public buildings and waste disposal facilities. The remaining USD18 million will be used to boost the tourism sector.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.