World Bank to provide $500 million budget support to Sri Lanka

Reuters

27 June, 2023, 10:35 am

Last modified: 27 June, 2023, 10:37 am

World Bank to provide $500 million budget support to Sri Lanka

Reuters

27 June, 2023, 10:35 am

Last modified: 27 June, 2023, 10:37 am

A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. Photo :Reuters

Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, according to a government statement.

Funding from the World Bank will come in two tranches, the statement said.

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