Govt to sign agreement with WB to obtain US $200 mn for welfare benefits

Date:

Colombo (LNW): The Cabinet has granted approval to enter an agreement with the World Bank to obtain US $ 200 million for welfare benefit, announced Cabinet Spokesman Bandula Gunawardena.

The scheme will be granted in three components, namely US $ 185 million for the ‘Aswesuma’ welfare benefit scheme, US $ 07 million for a pilot project to economically assist selected beneficiaries, and US $ 08 million to strengthen the entire project management and social security system under the project, he said.

The government of Sri Lanka, accordingly, will be signing this new agreement with the WB soon, the Minister added.

Share post:

spot_imgspot_img

Popular

More like this
Related

Digitalisation: The Engine of a Re-Emerging Sri Lanka – Vision 2030 Edition

Digitalisation: The Engine of a Re-Emerging Sri Lanka – Vision 2030 Edition

The Steuart by Citrus Reopens – A Historic Gem in the Heart of Colombo

Colombo, Sri Lanka – 10 October 2025 Citrus Leisure PLC...

Where Extreme Poverty Rates Are Highest in the World

The Highest Rates of Extreme Poverty by Country Key Takeaways Africa...

LAUGFS Gas PLC halts operations of Slogal Energy DMCC after U.S. sanctions listing

 LAUGFS Gas PLC yesterday announced the suspension of operations...