Categories: Articles

LNP – World Bank approves US $500Mn loan for Sri Lanka

The World Bank’s Board of Executive Directors today approved $500 million in financing for Sri Lanka to provide safe, climate-resilient roads to connect agricultural supply chains through the Inclusive Connectivity and Development Project.

This project is expected to benefit around 16 million people living in rural communities in selected districts of Sri Lanka.

AddThis Website Tools
Tyronne Jayamanne

Recent Posts

LNP – Invitation only for Shah Rukh Khan event

LNP – Invitation only for Shah Rukh Khan event

City of Dreams Sri Lanka, South Asia’s first integrated resort, announced that its grand opening…

15 hours ago
LNP – Bypass patient compelled to bring drugs worth over Rs. 100,000 from outside

LNP – Bypass patient compelled to bring drugs worth over Rs. 100,000 from outside

Patients seeking life-saving procedures such as bypass surgeries at the Colombo National Hospital are compelled…

19 hours ago
LNP – Trump eyes simple tariff rates over complex talks, says letters going out Friday

LNP – Trump eyes simple tariff rates over complex talks, says letters going out Friday

President Donald Trump said Washington will start sending letters to countries on Friday specifying what…

19 hours ago
LNP – IMF says Sri Lanka’s GDP could fall by 1.5% from US tariffs

LNP – IMF says Sri Lanka’s GDP could fall by 1.5% from US tariffs

Sri Lanka’s GDP could decline by up to 1.5 percent if the United States reinstates…

19 hours ago
LNP – Former Minister S.M. Chandrasena arrested

LNP – Former Minister S.M. Chandrasena arrested

Former Minister S.M. Chandrasena was arrested by the Commission to Investigate Allegations of Bribery or…

20 hours ago
LNP – AliExpress halts low-cost shipping to Sri Lanka amid tax reforms

LNP – AliExpress halts low-cost shipping to Sri Lanka amid tax reforms

AliExpress has officially suspended several of its budget shipping options to Sri Lanka and Pakistan…

2 days ago