South Asian economies bounce back but face fragile recovery – World Bank
Washington World Bank: Prospects of an economic rebound in South Asia are firming up as growth is set to increase by 7.2 percent in 2021 and 4.4 percent in 2022, ...
Tag: The World Bank
World Bank Congratulates Sri Lanka on Handling of COVID-19 Pandemic
At a meeting with Prime Minister Mahinda Rajapaksa this evening, World Bank Country Director for Maldives, Nepal, and Sri Lanka, Faris Hadad-Zervos, has commended the Sri Lankan Government for how ...
World Bank pledges support for Sri Lanka’s COVID-19 fight
The World Bank has pledged its fullest assistance in managing the threat of COVID 19 in Sri Lanka. During a meeting with Minister of Health Pavithra Wanniarachchi, Country Director of ...
World Bank Country Director meets Central Bank Governor
The World Bank Country Director for Maldives, Nepal and Sri Lanka, Mr. Faris Hadad-Zervos, accompanied by the World Bank Country Manager for Sri Lanka, Ms. Chiyo Kanda, paid a courtesy ...
World Bank projects Sri Lanka’s GDP to decline by 6.7% this year, poverty to increase to 13%
Economy News: World Bank in its twice-a-year-regional update expects the South Asian economies including Sri Lanka to slump sharper than expected this year into its worst-ever recession as the devastating ...
World Bank supports Sri Lanka with $56 million to mitigate COVID-19 impacts
The World Bank has reallocated $56 million from ongoing projects in Sri Lanka to protect the most vulnerable in the agriculture sector, improve COVID-19 protection measures on public transport, facilitate ...
World Bank downgrades Sri Lanka to lower-middle income country
Economy News Sri Lanka: The World Bank has downgraded Sri Lanka from an upper-middle income country to a lower-middle income one from 1 July. The move comes under the World ...
World Bank Announces New Country Manager for Sri Lanka
Financial News Sri Lanka: Chiyo Kanda has been appointed as Country Manager of the World Bank office in Colombo, Sri Lanka, effective July 1st, 2020. She will oversee a total ...
World Bank Remarks at High-Level Event on Financing for Development in the Era of COVID-19
World Bank Group President David Malpass: Remarks at High-Level Event on Financing for Development in the Era of COVID-19 and Beyond WASHINGTON, May 28, 2020—World Bank Group President David ...
World Bank warns 60m at risk of 'extreme poverty'
Economy News: Up to 60m people will be pushed into "extreme poverty" by the coronavirus warns the president of the World Bank. David Malpass said the bank expects global economic ...
World Bank: Pandemic could fuel demand for ‘diaspora bonds’
Business News: The coronavirus pandemic and its devastating economic impact on developing countries could fuel fresh interest in so-called diaspora bonds that allow migrants to support their countries of origin, ...
World Bank could deploy $150 billion over 15 months in coronavirus battle
International News from World: World Bank Group President David Malpass on Monday said that the development lender could deploy as much as $150 billion in resources over the next 15 ...
Sri Lanka Can Boost its Development Tapping Agriculture and New Technology
Business News Update: The World Bank reaffirmed its continued support to Sri Lanka’s growth and development for the benefit of all its people, as World Bank Vice President for South ...
Sri Lanka to Strengthen Public Sector Efficiency – The World Bank
Financial News Update: The World Bank today approved a $25 million loan to the Government of Sri Lanka to improve the transparency and efficiency of core government and public financial ...
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