World Bank decides to double funds granted to Sri Lanka

April 21, 2011 04:58 pm

The World Bank has decided to take steps to double the amount of aid granted to Sri Lanka stated Dr. Sarath Amunugama Senior Minister of International Monetary Co-operation. The minister stated this at a press briefing following his return to the island after participating in the Annual World Bank Committee Meeting.

He stated that these funds would be utilized for the development of education, health and many more sectors.

Amunugama also stated that they hope to increase the economic growth rate of Sri Lanka to 9% by next year.

He further added that at a time when most economies in the world were facing a crisis situation the performance of the Sri Lankan economy has indeed been exemplary.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.