header logo
සිංහලதமிழ்
Vallibel FD
Mogo Academy
Selan Bank
Latest
World Bank, ADB & AIIB announce joint plan to aid Sri Lanka
May 21, 202207:35 PM
Google NewsAdd on Google
World Bank, ADB & AIIB announce joint plan to aid Sri Lanka
Mobitel inner 1278

The World Bank, the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have jointly decided to support Sri Lanka’s response to the ongoing economic crisis.

 

The three institutions announced their decision in a statement issued after the first joint coordinated meeting held on the 19th of May.

 

“All three institutions are adopting a coordinated approach to sustain basic services and livelihoods and to mitigate the impact of the economic crisis on the people of Sri Lanka.”

 

This includes access to essential items such as medicines, cash assistance, gas and fertilizer through the reallocation of resources from existing projects, the statement read further.

 

 

 

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
Sri Lanka rejects US pressure over Iran vessels; FM reaffirms sovereignty, humanitarian commitments

Sri Lanka rejects US pressure over Iran vessels; FM reaffirms sovereignty, humanitarian commitments

“Is the Govt. promoting diesel mafia's agenda?” Govt. curtailing renewable energy projects- Sajith

“Is the Govt. promoting diesel mafia's agenda?” Govt. curtailing renewable energy projects- Sajith

Galagoda Aththe Gnanasara Thero remanded after arrest; Appeals Court to decide next steps tomorrow

Galagoda Aththe Gnanasara Thero remanded after arrest; Appeals Court to decide next steps tomorrow

Colombo International Book Fair draws over 2.5 million visitors;Derana commended for public outreach

Colombo International Book Fair draws over 2.5 million visitors;Derana commended for public outreach

Minister Nalinda assures no decisions against national interest over stranded Iranian vessels

Minister Nalinda assures no decisions against national interest over stranded Iranian vessels

Korea remains a vital economic partner for Sri Lanka - Minister Anil Jayantha

Korea remains a vital economic partner for Sri Lanka - Minister Anil Jayantha

Severe lecturer shortage across state universities in Sri Lanka - FUTA

Severe lecturer shortage across state universities in Sri Lanka - FUTA

89 companies illegally remitted Rs. 190 billion overseas between Jan. 2023 and Sep. 2025

89 companies illegally remitted Rs. 190 billion overseas between Jan. 2023 and Sep. 2025

Brother of underworld figure "Loku Patty" shot dead in Ahungalla amid gang feud

Brother of underworld figure "Loku Patty" shot dead in Ahungalla amid gang feud

Iranian oil tankers stranded off Sri Lanka amid US sanctions pressure

Iranian oil tankers stranded off Sri Lanka amid US sanctions pressure

CPC bears a loss of Rs. 66 on every litre of diesel - CPC Chairman explains fuel subsidy

CPC bears a loss of Rs. 66 on every litre of diesel - CPC Chairman explains fuel subsidy

Govt. to provide Rs. 40 bln fuel subsidy amid surge in global fuel prices

Govt. to provide Rs. 40 bln fuel subsidy amid surge in global fuel prices

Case against ex-President Ranil adjourned until November for Attorney General’s advice

Case against ex-President Ranil adjourned until November for Attorney General’s advice

Appeals Court dismisses MP Dilith Jayaweera’s writ application over contempt referral

Appeals Court dismisses MP Dilith Jayaweera’s writ application over contempt referral

Sri Lanka at UN backs Palestinian rights; FM Herath urges stronger multilateral action & UN reforms

Sri Lanka at UN backs Palestinian rights; FM Herath urges stronger multilateral action & UN reforms

Lassana Flora