Sri Lanka, May 7 -- The World Bank Group today announced a major initiative to support job creation and unlock private sector growth in Sri Lanka, backed by more than $1 billion in financing over three years.

The package targets sectors with high potential for employment and investment-energy, agriculture, tourism, and regional development.

The initiative aims to expand economic opportunity, strengthen local industry, and attract private capital to support long-term growth. It was announced after a meeting in Sri Lanka between President Anura Kumara Dissanayake and World Bank Group President Ajay Banga-marking the first visit by a Bank President in two decades and signaling a renewed commitment to the country's economic recovery and fut...