28 August 2024 02:26 am Views - 640
Cabinet nod was given this week for Sri Lanka to borrow US$ 200 million from the WB under the development policy financing programme.
This will support the implementation of the government’s reform plan.
WB is providing support for the comprehensive reform agenda in Sri Lanka through the development policy financing programme in line with the comprehensive funding facility of the International Monetary Fund (IMF).
The stage one of the biennial programme was completed during year 2023.
The proposal was presented by President Ranil Wickremesinghe in his capacity as the Minister of Finance, Economic Stabilisation, and National Policy.