Srilanka, May 13 -- The Finance Ministry states that further bilateral discussions will be held regarding the US$1 billion financial facility agreed to be provided to the country during the visit of World Bank (WB) Group President Ajay Banga to Sri Lanka.

The World Bank President announced after meeting with President Anura Kumara Dissanayake in Colombo that the World Bank is prepared to provide a financial facility of US$ 1 billion within three years for rapid and sustainable economic development, creation of new job opportunities for youth and private sector development.

Accordingly, in response to a query on how the Sri Lankan Government will proceed with obtaining this loan facility, a senior official at the Finance Ministry said t...