SriLanka, Jan. 25 -- The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $166 million high-impact investment program aimed at strengthening Sri Lanka's private sector and supporting the country's transition from economic stabilization to sustainable growth.

The country-level financing package is designed to expand access to finance for small and medium-sized enterprises (SMEs), with a special focus on women-owned businesses and the agri-business sector.

IFC said the initiative seeks to promote inclusive growth and create employment opportunities for underserved segments of the economy.

The investment will be channelled through three leading private commercial banks in Sri Lanka-Nations Trust ...