World Bank

The World Bank and the Government of Sri Lanka today signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million. This is the second operation in a two-part series that began…

The World Bank’s Board of Executive Directors has approved $150 million in financing for Sri Lanka to improve the quality and utilization of its primary healthcare services. The newly approved Sri Lanka Primary Healthcare System…

Mr. David Sislen is the World Bank’s new Country Director for Maldives, Nepal, and Sri Lanka, effective July 1, 2024. Mr. Sislen succeeds Mr. Faris Hadad-Zervos, who will be taking on a new World Bank assignment. Mr. Sislen, a dual…

The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura has commended the Sri Lankan authorities on the implementation of a strong program and excellent reform progress, says Finance State Minister Shehan…

The number of children globally who died before their fifth birthday dropped to a record low of 4.9 million in 2022, but that still represents one death every six seconds, according to new United Nations estimates. While the mortality…

The Sri Lankan government says it has made arrangements to borrow USD 150 million from the International Development Association (IDA) of the World Bank Group to finance the implementation of Financial Sector Safety Net Strengthening…

The World Bank has released the second tranche of the USD 500 million under the Sri Lanka Resilience, Stability and Economic Turnaround (RESET) Development Policy Operation (DPO), considering the continued satisfactory progress made by the…

Former Sri Lankan President Chandrika Bandaranaike Kumaratunga (CBK) has called on the government to prioritize recovering stolen wealth from the Rajapaksa family before resorting to tax increases, particularly for the middle class. In a…

The World Bank’s Board of Executive Directors on Thursday (Nov. 09) approved $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector. “Sri Lanka’s economic crisis highlights the need for strong safety…

The World Bank’s Managing Director for Operations, Anna Bjerde, concluded her four-day visit to Sri Lanka  (01), encouraging the Government of Sri Lanka to stay the course on reforms for recovery and sustainable growth. She also underscored…