Sri Lanka to ink agreement with WB under development policy financing programme

28 August 2024 02:26 am Views - {{hitsCtrl.values.hits}} 3 Bookmark

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Sri Lanka will ink a financial agreement with the World Bank (WB) for the second stage development policy programme.

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.

Comments - 3

Sambo Wednesday, 28 August 2024 07:32 AM

If you talk two words the borrowing is included. Nothing can be done without borrowing. To hell with this government.

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Jude Wednesday, 28 August 2024 09:16 AM

LOANS loans loans loans,and more LOANS. Never ending borrowing. I reiterate SL gonna bankrupt again soon.

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Jude Wednesday, 28 August 2024 09:22 AM

The government never come up with a plan to increase the GDP in the long term and short term. Government focusing only in borrowing. YEAH borrowing IMF world Bank or ADB or even from Bangladesh, Huh. DAMN Disgrace. Eternally Panhandling !!!

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