World Bank

The World Bank revised up its forecasts for Sri Lanka’s economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency. The bank…

The International Monetary Fund (IMF), the World Bank and Morocco on Monday announced the annual meetings of the two global institutions would proceed in October in Marrakech, despite a recent nearby earthquake that killed more than 2,900…

The President of the World Bank, Ajay Banga on Monday (Sept. 18) commended Sri Lanka’s commitment to reforms, emphasizing the importance of credibility in the country’s approach. During a cordial meeting with Sri Lankan President Ranil…

The Government of Great Britain and Northern Ireland and the World Bank have launched a partnership— the Resilient Asia Program (RAP) —to accelerate transformational and collaborative climate action to respond to the urgency of…

The Cabinet of Ministers has granted approval to enter into an agreement with the International Development Association of the World Bank Group in order to obtain funding for the implementation of a project to strengthen the social security…

The Sri Lankan government and World Bank, European Union (EU) and Agence Française de Développement (AFD) have recently signed financing agreements to help strengthen Sri Lanka’s management of public finances. In a statement, the World…

World Bank Country Director for Maldives, Nepal and Sri Lanka Faris Hadad-Zervos has commended Sri Lanka’s efforts thus far with regards to finding solutions for the island’s economic crisis. Speaking at an event held in Colombo on…

The party leaders have decided to debate the Domestic Debt Optimization (DDO) program in the parliament tomorrow (July 01). Accordingly, the debate will continue from 9.30 a.m. to 7.30 p.m. The Members of Parliament are expected to vote…

The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March. About $500 million of…

Wickremesinghe emphasized the need for timely and automatic access to concessional financing and highlighted the high costs incurred during the process.