World Bank, ADB & AIIB announce joint plan to aid Sri Lanka

World Bank, ADB & AIIB announce joint plan to aid Sri Lanka

May 21, 2022   07:35 pm

The World Bank, the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have jointly decided to support Sri Lanka’s response to the ongoing economic crisis.

The three institutions announced their decision in a statement issued after the first joint coordinated meeting held on the 19th of May.

“All three institutions are adopting a coordinated approach to sustain basic services and livelihoods and to mitigate the impact of the economic crisis on the people of Sri Lanka.”

This includes access to essential items such as medicines, cash assistance, gas and fertilizer through the reallocation of resources from existing projects, the statement read further.

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.

Most Viewed Video Stories

We expect to produce a high quality alcohol product at a low cost - Minister of Industries (English)

We expect to produce a high quality alcohol product at a low cost - Minister of Industries (English)

Prisons Dept. admits certain STF and Prison officers involved in smuggling contraband into prisons (English)

Govt attempts to swiftly threaten media through provisions of Online Safety Act – Ajith P Perera (English)

President inaugurates 'FACETS Sri Lanka – 2025': International Gem and Jewellery Exhibition (English)

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

Ministers and MPs lead several programmes under 'Clean Sri Lanka' initiative across the island (English)

Sri Lanka Ports Authority achieves record high throughput (English)

Yoshitha Rajapaksa leaves CID after recording statement (English)