The Cabinet has approved obtaining a US$400 million financial facility from the World Bank under a three-year Programmatic Reform Development Policy Operation covering 2026–2028.
The funding aims to support structural reforms, enhance competitiveness, strengthen economic governance and promote sustainable growth.
Sri Lanka had earlier received US$700 million under the RESET Development Policy Operation (2023–2024). The new facility will focus on two pillars: improving competitiveness and strengthening economic governance.
Approval was granted following a proposal by the President in his capacity as Minister of Finance, Planning and Economic Development. (Newswire)
