Sri Lanka, Feb. 17 -- The Cabinet of Ministers has approved the Government of Sri Lanka's proposal to secure USD 400 million from the World Bank to support its ongoing economic reform program. The funding will be provided under the Sri Lanka Resilience, Stability, and Economic Reform Program over a three-year period from 2026 to 2028.Sri Lanka travel

The World Bank had earlier extended USD 700 million under the Resilience, Stability and Economic Turnaround (RESET) Development Policy Operations - 2023-2024 to support foundational reforms aimed at economic stability and resilience.

The new financing is designed around two main pillars: improving governance and strengthening economic oversight. It is expected to enhance transparency, suppo...