Another $200 million financing facility from the World Bank Group to implement government reforms

The World Bank Group’s International Development Association (IDA) has approved another USD 200 million financial facility to further support Sri Lanka’s economic recovery and reform program.

Accordingly, the signing of the related loan agreement took place this morning (07) in the presence of President Anura Kumara Dissanayake at the Presidential Office, the Presidential Media Division stated.

It is reported that Sri Lanka has received this financial facility under the second phase of the Development Policy Financing (DPF) program to restore Sri Lanka’s reforms, stability and economy.

Relevant announcement below.