Home / Business/ $ 70 m loan facility from World Bank to strengthen services of 134 Local Govt. authorities

$ 70 m loan facility from World Bank to strengthen services of 134 Local Govt. authorities

Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 15 May 2019 03:05


The International Development Association (IDA) of the World Bank has provided a loan facility of $ 70 million to strengthen the service provided by 134 Local Authorities in the Northern, Eastern, North Central and Uva Provinces under the Local Development Support Project (LDSP).

The signing of this Loan Agreement took place on Tuesday the May 14, in the Ministry of Finance by Ministry of Finance Secretary Dr. R.H.S. Samaratunga on behalf of the Government of Sri Lanka and World Bank Country Director for Sri Lanka and Maldives Idah Z. Pswarayi-Riddihough on behalf of the World Bank.

This development support project is designed to strengthen local authorities’ capabilities to deliver services to communities in a responsive and accountable manner and to support economic infrastructure development in participating provinces by strengthening local government planning systems, improving local services and economic infrastructure and institutional development, etc.

The Government had requested the World Bank Group to provide financial assistance to implement the above priority, for which the International Development Association (IDA) of the World Bank has shown their interest to mobilise its funds through a credit of $ 70 million. 

Total estimated cost is approximately $ 100 million, out of which IDA credit is $ 70 million, Government will contribute $ 7 million and the balance will be financed by European Union (EU) as grant. 

The overall responsibility of the implementation of this project lies with the Ministry of Provincial Councils, Local Government and Sports.

Share This Article

Facebook Twitter


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Revitalising the tourist inflows

Wednesday, 22 May 2019

Easter Sunday 21 April terror acts have dealt a very heavy blow on tourism. The inflow has dried up for the moment while it can be presumed that forward selling too may have become sluggish. It is noted that Government has introduced a series of meas

Truth has now arrived, and falsehood has perished

Wednesday, 22 May 2019

“And say: Truth has now arrived, and Falsehood has perished: for Falsehood by its very own nature is bound to perish.” Holy Quran: Chapter 17 Verse 81. Every discussion, debate and discourse that we see and hear over the audio – visual and prin

Afghan refugees face Jaffna’s hostility: These Sri Lankans are crazy

Wednesday, 22 May 2019

Abbas Ahmadi, an IT specialist, was rather high in the Afghan provincial civil service. He is of Hazara ethnicity and persecuted by the majority Pashtuns who ironically dominate the ruling faction as well as the rebelling Taliban.The Hazaras are inpa

One month gone: No charge on over 200 Catholics murdered

Wednesday, 22 May 2019

It’s been one month since the murder of around 300 innocent Catholic children and parents but no has yet been charged for the biggest negligence of duty that Sri Lanka has seen in recent history. The President and Prime Minister have both denied a

Columnists More