Colombo, May 7, 2025 (AFP) - World Bank grants cash-strapped Sri Lanka $1.0bn loan

NAMPA / AFP

2025-05-07

Sri Lanka has been granted a billion-dollar loan to boost its agriculture, tourism and energy sectors, the World Bank said on Wednesday, as the country emerges from an unprecedented economic crisis. Sri Lanka's economy collapsed in 2022 when it ran out of foreign exchange to finance even the most essential imports such as food, fuel, and medicines. The loan aims to strengthen local industries and attract private capital for growth, the World Bank......

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