The Sri Lankan government is set to receive a loan of US$75 million from the World Bank in order to address “challenges in the financial sector”.
Sri Lanka’s Secretary to the Treasury, Ministry of Finance and Media met with World Bank Country Director for Sri Lanka and the Maldives Idah Pswarayi-Riddihough to sign the agreement from the World Bank’s International Development Association (IDA).
“A strong financial sector can help Sri Lanka sustain its developmental returns. Efficient financial markets can boost the competitiveness of Sri Lankan firms and overall job creation,” said Ms Pswarayi-Riddihough.