World Bank provides US$ 1 bn to boost jobs and private sector growth in SL
- CNL Reporter
- May 8, 2025
- Banking and Financial
- World Bank
- 0 Comments
The World Bank Group yesterday announced a major initiative to support job creation and unlock private sector growth in Sri Lanka, backed by more than $ 1 billion in financing over three years.
The package targets sectors with high potential for employment and investment—energy, agriculture, tourism, and regional development.The initiative aims to expand economic opportunity, strengthen local industry, and attract private capital to support long-term growth.
It was announced after a meeting in Sri Lanka between President Anura Kumara Disanayake and World Bank Group President Ajay Banga—marking the first visit by a Bank President in two decades and signalling a renewed commitment to the country’s economic recovery and future.
“This support from the World Bank Group is an investment in the people of Sri Lanka,” said President Disanayake. “It will help create jobs, support small businesses, and open up new opportunities across the country. We are committed to ensuring this partnership delivers real change for our communities.”
