Sri Lankan crisis: The World Bank has granted USD 700 million in financing to assist Sri Lanka in recovering from the current economic crisis and providing relief to the poor and vulnerable people in the island nation. Notably, this is the biggest funding tranche since the IMF deal of USD 2. 9 billion in March this year. Cash-strapped Currently, Sri Lanka is experiencing the worst economic crisis in its history. World Bank approves $700 million for crisis-hit Sri Lanka; biggest funding since IMF deal in March
June 29, 2023
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Sri Lankan crisis: The World Bank has granted USD 700 million in financing to assist Sri Lanka in recovering from the current economic crisis and providing relief to the poor and vulnerable people in the island nation. Notably, this is the biggest funding tranche since the IMF deal of USD 2. 9 billion in March this year. Cash-strapped Currently, Sri Lanka is experiencing the worst economic crisis in its history. 
