World Bank unveils $1 billion support for Sri Lanka to drive jobs & private sector growth – The Indian Awaaz

World Bank unveils $1 billion support for Sri Lanka to drive jobs & private sector growth – The Indian Awaaz

AMN/ WEB DESK The World Bank Group has announced a $1 billion support package to spur job creation and unlock private sector growth in Sri Lanka over the next three years. The initiative focuses on energy, agriculture, tourism, and regional development sectors seen as critical to long-term economic recovery. The announcement followed a meeting in Colombo between Sri Lankan President Anura Kumara Dissanayake and World Bank President Ajay Banga, m…

World Bank Approves $500 Million Loan to Support Sri Lanka’s Economic Recovery

The World Bank approved a $500 million concessional loan to bolster Sri Lanka’s economic stabilization efforts, part of a broader $1.5 billion commitment over three years to support reforms and debt restructuring. While reports of a $1 billion loan in 2025 are unconfirmed, the October funding addresses Sri Lanka’s ongoing financial crisis, marked by a 2022 default on $46 billion in external debt. The loan, disbursed through the International Dev…

World Bank President visits Sri Lanka after two decades, pledges development support

President of the World Bank Group, Ajay Banga, met with Sri Lankan President Anura Kumara Dissanayake on Wednesday afternoon (May 7) at the Presidential Secretariat in Colombo. This visit marks a milestone, as it is the first time in nearly two decades that a President of the World Bank Group has visited Sri Lanka. During the meeting, discussions centered on strengthening collaboration to support Sri Lanka’s future development agenda. Priority a…

World Bank Launches $1 Billion Initiative to Boost Jobs and Private Sector Growth in Sri Lanka - LNW Lanka News Web

The World Bank Group has unveiled a landmark initiative to support job creation and accelerate private sector growth in Sri Lanka, pledging more than US$1 billion in financing over the next three years. The funding will target sectors with strong potential for employment and investment—namely energy, agriculture, tourism, and regional development—with the goal of expanding economic opportunity, strengthening local industries, and attracting priv…