The World Bank says it completely rejects reports that a final agreement has been reached to provide credit facilities to Sri Lanka. The World Bank said in a statement that no such agreement had been reached.
The World Bank emphasizes that loans can be provided only if they are satisfied with the introduction of a set of appropriate economic policies, and no concessions can be made until then.
However, the World Bank is considering using the loans and assistance provided in the past for various purposes to cover essential expenses. It says it will advise the Sri Lankan government to use the money to buy essential medicines and provide financial assistance to the poor.
The World Bank expresses its concern over the plight of the people of Sri Lanka and will continue to work with the International Monetary Fund to bring about economic stability in Sri Lanka.
