The World Bank, based in Washington, has announced the provision of $120 million in emergency support to Sri Lanka by reallocating funds from existing projects. This assistance is intended to help restore essential services such as healthcare, water supply, education, agriculture, and connectivity.
A Global Rapid Post-Disaster Damage Estimation (GRADE) assessment is currently underway in partnership with the Global Facility for Disaster Risk Reduction (GFDRR). According to a statement by the World Bank, “This rapid assessment will provide credible estimates of disaster impacts to inform early decisions and help target response and recovery efforts.”
The World Bank Group has indicated its readiness to collaborate with the Sri Lankan government to mobilize additional resources based on the findings of the GRADE assessment and the financial requirements for recovery and resilient reconstruction. The organization also stated, “We will also make necessary adjustments in our future programs to accommodate the impacts of this crisis.”
In addition, the International Finance Corporation (IFC), the private sector arm of the World Bank Group, will offer advisory support and strategic investments in sectors such as agriculture, manufacturing, and logistics. This includes assistance for micro, small, and medium enterprises.
(Colombo/Dec15/2025)
