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World Bank

In Special News
October 8, 2018 5:03 pm gmt |
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1064
If trade barriers are overcome, trade within South Asia can increase three-fold, from $23 billion to $67 billion, suggests a new World Bank report. Sri Lanka has the potential to more than double its exports to South Asia. Increased intraregional trade will provide a greater variety of goods and serv...
In Srilanka
October 6, 2017 11:38 am gmt |
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1193
The World Bank (WB) has recommended the raising of water tariffs, in order to meet costs needed for expansion and maintenance, despite Sri Lanka’s water tariffs being high compared with the South Asian average, a study released by the WB last month (September) showed. Whereas the South Asian av...
In Galle
July 23, 2016 10:30 am gmt |
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1580
The Government of Sri Lanka and the World Bank today signed a $55 million loan to Sri Lanka to improve urban services, preserve cultural and environment assets, and improve livability in Jaffna, adding the city to an existing project to develop Galle and Kandy. The credit agreement for the project wa...
In World
May 27, 2016 5:36 am gmt |
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1432
Japanese Prime Minister Shinzo Abe and other leaders from the Group of Seven nations (G7) met leaders of outreach countries and organizations on Friday (May 27), including Director General of International Monetary Fund (IMF) Christine Lagarde and Papua New Guinea’s Prime Minister Peter O’...
In Srilanka
February 20, 2016 7:33 am gmt |
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1274
Regions with the highest rate of poverty in Sri Lanka are areas inhabited by Tamils, according to a study of the World Bank. The regions come under the districts of Mannar, Mullaitivu and Kilinochchi in the Northern Province; Batticaloa in the East and plantations in Badulla district (Uva Province) a...
In Srilanka
February 16, 2016 8:41 am gmt |
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1339
Sri Lanka has made encouraging progress in reducing poverty to below 7 percent of the population, but pockets of severe poverty remain and future prosperity will depend on addressing chronic revenue shortfalls and fostering a more competitive and inclusive economy, say new research findings announced...
In Business
December 10, 2015 7:58 am gmt |
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1396
World Bank’s lending arm, International Development Association (IDA) has granted an additional US$ 20 million to Sri Lanka for the implementation of the North East Local Services Improvement Project (NELSIP). The primary development objective of the NELSIP is to improve the delivery of local i...
In Srilanka
October 6, 2015 9:57 am gmt |
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1398
Finance minister Ravi Karunanayake has gone to Peru to attend the annual meeting of the World Bank and the International Monitory Fund (IMF). The meeting is to be held at Lima, the capital of Peru from Oct 6 to 11. The finance minister is accompanied by the Central Bank Governor Arjuna Mahendran and ...
In Colombo
September 19, 2015 8:54 am gmt |
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1572
President Maithripala Sirisena states that the government hopes to increase the economic growth from 6 % to 10%. The President stated that the new government expects to create many positive changes and reduce poverty in the country. President Maithripala Sirisena made these comments during a meeting ...
In India
July 9, 2015 4:16 am gmt |
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1340
The Uttar Pradesh government Tuesday assured a visiting World Bank (WB) team that it would complete all the projects funded by it in the next five years rather than the stipulated time line of seven years. The assurance, to the team led by Jun Matsumoto, was given by Irrigation Minister Shivpal Singh...
In India
July 8, 2015 6:15 am gmt |
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1326
India’s rural employment guarantee programme MNREGA has been ranked as the world’s largest public works programme, providing social security net to almost 15 per cent of the country’s population, the World Bank has said. India is among the five middle-income countries running the wo...
In India
June 25, 2015 8:18 am gmt |
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1316
India on Thursday pledged $1 billion in assistance to quake-ravaged Nepal for its massive reconstruction programme. The announcement was made by External Affairs Minister Sushma Swaraj at the Donors’ Conference in Kathmandu. “This pledge is over and above our existing bilateral developmental as...