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

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.

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