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Last Updated : 2024-05-12 22:13:00
30 May 2022 04:22 pm - 11 - {{hitsCtrl.values.hits}}
The World Bank today refuted the Foreign Ministry’s claim that it has promised to disburse approximately USD 700 Million to Sri Lanka within the next few months.
Issuing a statement, the World Bank Country Director for Sri Lanka Faris H. Hadad-Zervos said that recent media reports have inaccurately stated that the World Bank is planning support for Sri Lanka in the form of a bridge loan or new loan commitments, among other incorrect assertions.
"The bank is concerned for the people of Sri Lanka and is working in coordination with the IMF and other development partners in advising on appropriate policies to restore economic stability and broad-based growth. Until an adequate macroeconomic policy framework is in place, the World Bank does not plan to offer new financing to Sri Lanka," he said.
Faris H. Hadad-Zervos further said, “we are currently repurposing resources from previously approved projects to help the government with some essential medicines, temporary cash transfers for poor and vulnerable households, school meals for children of vulnerable families, and support for farmers and small businesses.”
The Foreign Ministry in Colombo released a statement over the weekend stating that the World Bank Country Manager said her office was working with other organizations such as ADB, Asian Infrastructure Investment Bank (AIIB), and UN office and encourages them for ‘re-purposing’ their already committed projects to help the people of Sri Lanka at this difficult time. The Foreign Ministry said she had also claimed that the World Bank will disburse approximately USD 700 Million to Sri Lanka within the next few months.
Easwar Monday, 30 May 2022 06:54 PM
Local news stated that minister G L Ps talks brought in this money. Minstety secs words. Lies lies
GHT Monday, 30 May 2022 07:02 PM
Faris H. Hadad-Zervos was wrong in her statement, the foreign Ministry really released the possible bridge financial aid of US$700 million not from ADB but from CHINA.
Lanka Shantha Monday, 30 May 2022 07:04 PM
This is normal for G.L.Pieris to lie for the nation for years. And the ruling party is still keeping him in high profile posts. Shame.
Laxman Monday, 30 May 2022 07:09 PM
The old professori seem to be dreaming ?
Anthony. R Monday, 30 May 2022 07:36 PM
G. L. Peris, Lies, LOL
Scarecrow Monday, 30 May 2022 08:30 PM
Our Professor is a dummy and good for nothing Professor. Don't take him seriously because we never believe what he utters
Citizen k Monday, 30 May 2022 08:33 PM
Lies ,lies and more lies or the eminent professor has become senile.
sam Monday, 30 May 2022 08:45 PM
We must understand that funds will be after the team disappear
Ramesh Tuesday, 31 May 2022 12:35 AM
Some brainy fellows at world bank- right?
Mahila Tuesday, 31 May 2022 02:22 AM
This is like counting the UNHRC vote counting??? Concoctions of a fertile brain??!!
roobarbie Tuesday, 31 May 2022 06:01 AM
Someone go and check GL Peries length of his nose. These are monkeys holding ministerial roles, the curse on Sri Lanka.
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