In a major boost to Sri Lanka’s recovering economy, the World Bank has pledged a $1 billion loan aimed at revitalizing the country’s key sectors agriculture, tourism, and energy, according to a report by Agence France-Presse.
The announcement came following high-level discussions between World Bank President Ajay Banga and Sri Lankan President Anura Kumara Dissanayake in Colombo. The funding is expected to strengthen local industries, attract private investment, and fuel long-term economic growth.
“Progress has been made to stabilize the economy and restart growth, and the fundamental elements for job creation are in place,” Banga said in a statement.
The billion-dollar injection is being hailed as a critical turning point in Sri Lanka’s path to recovery, following years of financial turmoil and structural challenges. The support package is not just about aid, but about enabling transformation.
