World Bank assures continued assistance to Sri Lanka

The World Bank today assured increase assistance to Sri Lanka under three of its new operations. They include assisting the agriculture sector faced with climatic vagaries, irrigation, renewable energy, climate resilience operations and renovation of tanks in rural areas.

World Bank Vice President for the South Asia Region, Hartwig Schafer called on President Maithripala Sirisena at the President’s Office today.

Referring to the Easter Sunday terror attack and its impact on the economy, Schafer said that the World Bank would provide monetary assistance to reduce the budget gap so that Sri Lanka could continue global borrowings with a sound economic footing.

President Sirisena expressed his gratitude to the World Bank for its long standing financial support to Sri Lanka. He made a special mention about the Bank’s support extended to Sri Lanka in the aftermath of the challenges faced due to April 21 terrorist attack.

Expressing gladness over the quick recovery made by Sri Lanka after the terrorist attack, Schafer said that the global community stands by Sri Lanka at this moment of need.

Schafer, who is in Colombo to chair the World Bank Senior Regional Managers Meeting, said that the Bank decided to hold its annual session in Colombo to show solidarity with Sri Lanka as the country is trying to restore normalcy after the terrible terrorist attack on Easter Sunday.

WB Country Director Idah Z Pswarayi-Riddihough, IFC Country Manager Amena Arif, Senior Operations Officer Anne-Kartin Arnold and Additional Secretary to the President, Esala Weerakoon also took part in the discussion.


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