World Bank provides assistance of $300 – $600 Million (VIDEO)

Date:

Talks with the World Bank to revive the Sri Lankan economy have been successful and it has agreed to provide US $ 300 to 600 million in assistance over the next two weeks and four months, Finance Minister Ali Sabri said.

The Minister of Finance stated that the assistance was provided for health, food and fertilizer and that the discussions with India were very successful.

India has agreed to provide another US $ 500 million in aid for fuel.

Meanwhile, the Minister said that steps will be taken to make the negotiations with the International Monetary Fund a success.

Share post:

spot_imgspot_img

Popular

More like this
Related

MSMEs Urge Action on Lending Rates amid Weak Policy Transmission

By:Staff Writer December 22, Colombo (LNW): Sri Lanka’s Micro, Small...

ADB Irrigation Grant Signals Strategic Push for Sri Lanka Agricultural Resilience

By:Staff Writer December 22, Colombo (LNW): The Asian Development Bank’s...

Recovery Spending After Ditwah Balances Stability and Risk

By:Staff Writer December 22, Colombo (LNW): Sri Lanka’s plan to...

India’s Swift Aid to Sri Lanka: Compassion, Strategy, or Both?

By:Staff Writer December 22, Colombo (LNW): India’s External Affairs Minister...