INSUBCONTINENT EXCLUSIVE:
of Finance Shehan Semasinghe said on Tuesday.On June 28, the global financial institution approved USD 700 million in financing as budgetary
and welfare support for Sri Lanka
This is the biggest funding trance for the island nation since the International Monetary Fund (IMF) bailout package in March.Through this
funding, the World Bank said it aims to help Sri Lanka implement foundational reforms that restore macroeconomic stability and
sustainability, mitigate the impact of current and future shocks on the poor and vulnerable, and support an inclusive and private sector-led
protect the poor and vulnerable.This operation will provide budgetary support in two equal tranches against agreed prior actions.Meanwhile,
better-targeted income and livelihood opportunities to the poor and vulnerable and improving the responsiveness of the social protection
Partnership Framework (CPF) for Sri Lanka on June 28.
