The World Bank's Board of Executive Directors has approved $150 million in financing to support Sri Lanka's ongoing reform agenda.
The package is designed to boost private investment, strengthen the country's competitiveness, and create jobs as Colombo continues its economic stabilization efforts.
1 billion in emergency financing for Bangladesh to stabilize the economy against fuel and fertilizer price shocks, and approved a $450 million package to strengthen Bangladesh's banking sector.
The approval signals continued international confidence in Sri Lanka's structural reforms following its debt crisis.
The funds are expected to target areas critical for long-term growth, including the business environment and labor market dynamics.
This development follows a series of World Bank interventions in the region.
The lender recently authorized $1.1 billion in emergency financing for Bangladesh to stabilize the economy against fuel and fertilizer price shocks, and approved a $450 million package to strengthen Bangladesh's banking sector.