World Bank calls on President; pledges $ 600 m swift support

Wednesday, 27 April 2022 00:00 - - {{hitsCtrl.values.hits}}

Funding for medicinal drugs and health needs, social security, agricultural and food security, and LP gas

The World Bank has agreed to provide $ 600 million in financial assistance to address the current economic crisis of which $ 400 million will be released shortly under the first phase.

This was conveyed by World Bank Country Manager Chiyo Kanda during a meeting with President Gotabaya Rajapaksa.

President’s Media in a statement said the financial assistance will be provided to meet medicinal drugs and health needs, social security, agricultural and food security, and LP gas needs.

The World Bank representatives also stated that they will continue to provide assistance to Sri Lanka in overcoming the current economic crisis.

World Bank Adviser in Sri Lanka Husam Abudagga, Human Development Practice Leader Rene Solano, Finance Minister Ali Sabry, Trade and Samurdhi Development Minister Shehan Semasinghe, Secretary to the President Gamini Senarath, Finance Ministry Secretary K.M.M. Siriwardena, Labour Ministry Secretary M.P.D.U.K. Mapa Pathirana, Deputy Secretary to the Treasury R.M.P. Rathnayake, and the National Planning Department Director-General R.H.W.A. Kumarasiri were also present.