World Bank

The Executive Director of the World Bank, Parameswaran Iyer and Sri Lanka officials have reviewed ongoing World Bank-supported initiatives, the Ministry of Finance said in a statement. Parameswaran Iyer is on an official visit to Sri…

The Government of Sri Lanka has arranged a loan of US$ 30 million from the International Development Association (IDA) of the World Bank Group to finance the implementation of the secure, affordable and sustainable energy for Sri Lanka…

The World Bank on Tuesday said higher tariffs on Indian goods exported to the U.S. will drag the South Asian growth rate in 2026, even as the current year remains shielded by government spending. The World Bank said growth in South Asia…

Despite Sri Lanka’s strong economic performance in recent times, the recovery remains incomplete, with growth still below pre-crisis levels and poverty significantly elevated, the World Bank said. The World Bank noted that strengthening…

More than 380,000 people across Sri Lanka are set to benefit from a new US$100 million partnership between the Government of Sri Lanka and the World Bank Group aimed at strengthening rural livelihoods, creating jobs, and building climate…

Nearly 1.8 billion people across South Asia – including Sri Lanka – will face extreme heat risks by 2030, but income constraints and market failures are leaving many to rely only on basic coping strategies, according to a new World Bank…

Sri Lanka’s economy has made a remarkable recovery in 2024, surpassing growth expectations by recording 5 percent growth, compared to the projected 4.4 percent, says the World Bank. This growth has been driven by strong performances in…

Vice President for the South Asia Region of the World Bank Martin Raiser paid a courtesy call on Prime Minister Dr. Harini Amarasuriya at the Parliament of Sri Lanka to discuss the country’s key development priorities. The meeting…

Donor countries have pledged a record $100 billion three-year replenishment of the World Bank’s fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict.…

Sri Lanka’s economy has stabilized, with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts. This positive outlook follows four consecutive quarters of growth driven by the industrial and tourism sectors and…