WB to provide US$ 600 mn for essentials

World Bank Country Representative Chiyo Kanda yesterday said the World Bank has agreed to provide US$ 600 million as a solution to the current economic crisis, of which US$ 400 million will be provided expeditiously in the first phase.

Daily News

2022-04-27

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DEBT RESTRUCTURING: SL could still face foreign de...

The Asian Development Bank (ADB) has warned that even after completing debt restructuring, Sri Lanka may still face external debt exceeding 70% of its GDP unless it implements debt management laws. The bank's April Development Report und...

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Prioritise building inclusive social protection sy...

The Asian Development Bank (ADB) underscores the immediate need for Sri Lanka to establish institutional frameworks for an inclusive social protection system, vital for economic recovery. Fragmented past programs have resulted in low coverag...

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Sri Lanka Aims to Reach Deal With Bondholders in F...

Sri Lanka is seeking to reach a deal to restructure debt with holders of its defaulted dollar bonds in the next few weeks, after a first round of direct talks failed to yield an agreement.

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