Page 24 - World Bank

World Bank to provide financial assistance to Lanka for fertiliser supplies

The World Bank has agreed to provide the necessary financial assistance to debt-ridden Sri Lanka to obtain urea fertiliser for the upcoming Maha season in the country, according to a media report.

World Bank to disburse $700 mn to crisis-hit Sri Lanka: Foreign Minister

The World Bank will disburse nearly $700 million to Sri Lanka within the next few months, Sri Lanka's Foreign Minister said

World Bank to disburse $700 mn to Lanka, re-purpose existing loans: Report

Sri Lanka is nearing bankruptcy and has severe shortages of essentials from food, fuel, medicines and cooking gas.

Sri Lanka PM appointed as finance minister, to lead debt talks with IMF

He has held talks with foreign envoys, including from India, China and the US, and discussed with representatives from ADB and World Bank ways to replenish food, fertilizer and medicine supplies

World Bank rules out new loan commitments to crisis-hit Sri Lanka

The World Bank has ruled out bridge financing or new loan commitments to crisis-hit Sri Lanka until the island nation's economy sets up an adequate macroeconomic policy framework

Unexpected, but also unacceptable

Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy

World Bank, UN grant $10 mn to mitigate impact of Beirut port blasts

A new $10 million grant will help Lebanon mitigate the environmental and health impacts of the Beirut port explosions on the neighbouring population and support Beirut's reconstruction, the UN said

World Bank announces up to $30 bn to address food security crisis

The World Bank has announced actions it plans to take as part of a comprehensive, global response to the ongoing food security crisis, with up to $30 billion financing in existing and new projects.

Global supply crunch

Food prices will remain elevated in the near term

Sri Lanka gets $160 mn from World Bank; PM says will use some to buy fuel

Sri Lanka has received $160 Million from the World Bank and is looking at the possibility of using some of it to buy fuel, PM Ranil Wickremesinghe told Parliament on Wednesday

WEF 2022: What does 'global debt' mean and how high is it at present?

The current debt wave is the world's fourth since 1970, the World Bank says

Lankan PM hold talks with World Bank, ADB as India delivers diesel shipment

Sri Lanka's Prime Minister Ranil Wickremesinghe held discussions with representatives of the World Bank and the Asian Development Bank on the current economic crisis in the country,

World Bank expresses grave concern over violence, crisis in Sri Lanka

The developments come even as nationwide protests against the government have intensified over the past few days resulting in an increase in clashes with the security forces deployed at protest sites

How safe are India's dams?

The long-term safety of a dam depends on the extent of degradation of its materials, weakening of the foundations and seismological threats

World Bank to give $600-million aid to Lanka to overcome economic crisis

Sri Lanka stocks rallied, marking their first day of gains since April 5

Russia- Ukraine war to cause biggest price shock in 50 yrs: World Bank

The price shock is aggravated by restrictions in the food, fuel, and fertiliser trade, it said

Sri Lanka says World Bank agrees to provide $600 million in financial aid

Earlier this month, Sri Lanka kicked off talks with the International Monetary Fund (IMF) for financial assistance

Food, fuel price shocks from Ukraine war to last at least 3 yrs: World Bank

Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of of stagflation, the World Bank said

More Sri Lankans to slip into poverty this year, warns World Bank

Sri Lanka is currently in the throes of an unprecedented economic turmoil since its independence from Britain in 1948

Sri Lanka PM says he is in good health, rejects 'false propaganda'

'The propaganda that the Prime Minister is being treated in a private hospital for an illness is completely false,' the Prime Minister's Media Division (PMMD) said