World Bank grants US$ 600 Mn to address economic crisis: PMD

26 April 2022 08:53 pm - 5 - {{hitsCtrl.values.hits}}

A A A

The World Bank has agreed to provide US$ 600 million in financial assistance to address the current economic crisis, President's Media Division said.

The World Bank Country Manager Chiyo Kanda, says US$ 400 million will be released shortly under the first phase, the PMD said in a statement.

Chiyo Kanda made these remarks at a meeting between World Bank representatives and President Gotabaya Rajapaksa at the President's House in Colombo, today (26).

"This financial assistance will be provided to meet medicinal drugs and health needs, social security, agricultural, food security and gas needs. The World Bank representatives also stated that they will continue to provide assistance to Sri Lanka in overcoming the current economic crisis," the statement added.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 5

Gayantha Hemachandra Wednesday, 27 April 2022 03:47 AM

We respectfully ask the World Bank Country Manager Chiyo Kando to carefully monitor as to whether those funds will be channeled and utilised for the agreed needs. Otherwise there will be a great possibility that they will be channeled into their pockets. Please remember Sri Lanka is not a democracy anymore but a “ Kleptocracy “ , a country governed by a ruling body of thieves.

Amerasinghe Jerome Wednesday, 27 April 2022 04:12 AM

..and this fund will vanish without a trace. Myna and Kaputa are hanging in there till the monies come in.

Inform Wednesday, 27 April 2022 05:36 AM

Inform this to Mr 10%

Citizen Wednesday, 27 April 2022 06:29 AM

Please keep a closer eye where it goes. We need every penny to survive.

Jude Wednesday, 27 April 2022 06:45 AM

CAN'T start a Jumbo jet with a Penlight Battery!! Yeah!! The debt alone owed More than $51 Billion!!

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

World Bank grants US$ 600 Mn to address economic crisis: PMD

Comments - 5

Add comment

RECOMMENDED

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Western purple-faced langurs see blue!

Most Viewed in News

New Visa procedure implemented

Sri Lankan among NASA’s new crew for next simulated Mars journey

Street food vendor arrested for verbally harassing foreigner

Former MP Palitha Thewarapperuma dies from electrocution

SL on alert on possible genocide allegations by Canada

Belgian traveller scammed in Kalutara

MIRROR CRICKET

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings

Chamodi, Dewmi spins Sri Lanka U19 Women to big win

TODAY'S HEADLINES

Debt Restructuring Talks: Bondholders Fear Regime Change Impact

Don’t be deceived by NPP and Cardinal Ranjith: UNP

Emirates halts check-in for connections, UL cancels flights to Dubai

Plans afoot to obtain “Blue Flag Beaches” certification for SL beaches

Hardik fined Rs 12 lakh for violating IPL code of conduct after win over Punjab Kings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings