World Bank reiterates no new financing to Sri Lanka, denies reports of 700mn USD in aid
ECONOMYNEXT – The World Bank reiterated on Monday (30) that it does not plan to offer new financing to Sri Lanka until an adequate macroeconomic policy framework is in place.
“We are repurposing some resources from existing projects & advising on policies to restore economic stability & help reverse policies of the past. Until an adequate macroeconomic policy framework is in place, the World Bank does not plan to offer new financing to Sri Lanka,” he said.