World Bank provides USD 600 million grant to Sri Lanka

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The World Bank
The World Bank

According to President’s Media Division, the World Bank to provide Sri Lanka a USD 600 million grant for medicines, gas, agriculture, food, and social security purposes.

Sri Lanka requests donations or provide essential drugs from international agencies, foreign nationals, and Sri Lankan expatriates. Due to lack of foreign exchange, Sri Lanka government is unable to import essentials drugs and medicines.

The World Bank has agreed to provide US$ 600 million in financial assistance to address the current economic crisis. The World Bank Country Manager Chiyo Kanda, says US$ 400 million will be released shortly under the first phase.

Ms. Chiyo Kanda made these remarks at a meeting between World Bank representatives and President Gotabaya Rajapaksa at the President’s House in Colombo, April 26.

This financial assistance will be provided to meet medicinal drugs and health needs, social security, agricultural and food security and gas needs. The World Bank representatives also stated that they will continue to provide assistance to Sri Lanka in overcoming the current economic crisis.

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