FINANCIAL CHRONICLE

Encyclopedia of Financial News

News | Forum

Home |Latest | Business | Economy | Markets | World | Featured | Discussions

,

World Bank Commits $400 Million to Support Sri Lanka’s Development

by

Sienna De Silva
in ,

FINANCIAL CHRONICLE – The Sri Lankan cabinet of ministers has approved a proposal to secure $400 million from the World Bank. According to Minister Vijitha Herath, “The World Bank has agreed to provide this funding as part of the Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO), a three-year program set for 2026-2028.” The initiative aims to enhance Sri Lanka’s competitiveness and openness, improve economic governance, and foster stronger and more sustainable economic growth.

The funds are organized under two main pillars: enhancing competitiveness and improving economic governance.

(Colombo/Feb17/2026)

Related Posts

Deals from DealBook.lk

Latest News

  • Sri Lanka Increases Fuel Prices Amid Promises of Sufficient Supply

    Sri Lanka Increases Fuel Prices Amid Promises of Sufficient Supply

    FINANCIAL CHRONICLE – The Ceylon Petroleum Corporation announced an increase in diesel and petrol prices in Sri Lanka, effective from March 9. This decision comes shortly after the government assured the public of sufficient fuel stocks, amidst escalating tensions in the oil-producing region due to US-Israeli attacks on Iran. The price adjustments are as follows:

    Read more

  • Sri Lankan Rupee Declines as Bond Yields Surge Amid Rising Energy Prices

    FINANCIAL CHRONICLE – On Monday, Sri Lanka’s rupee weakened in the spot market, closing at 311.60/90 against the US dollar, compared to Friday’s rate of 311.00/20, according to dealers. This decline in the rupee coincided with an increase in bond yields, attributed to rising global energy prices. The yield on a bond maturing on September

    Read more

DAILY NEW DIGEST

▶︎•၊၊||၊|။|||||။၊|။•

Listen