Sri Lankan govt to borrow $150mln from World Bank - finance ministry

$FILE PHOTO: A general view of a main market is seen, after the International Monetary Fund\\'s executive board approved a $3 billion bailout, in Colombo, Sri Lanka March 21, 2023. REUTERS/Dinuka Liyanawatte/File Photo Image for illustrative purpose. , Reuters$

FILE PHOTO: A general view of a main market is seen, after the International Monetary Fund's executive board approved a $3 billion bailout, in Colombo, Sri Lanka March 21, 2023. REUTERS/Dinuka Liyanawatte/File Photo Image for illustrative purpose.
Reuters

The island nation's finance ministry said on Friday

Bansari Mayur Kamdar, Reuters News

February 2, 2024

PHOTO
FILE PHOTO: A general view of a main market is seen, after the International Monetary Fund's executive board approved a $3 billion bailout, in Colombo, Sri Lanka March 21, 2023. REUTERS/Dinuka Liyanawatte/File Photo Image for illustrative purpose.

The Sri Lankan government will borrow $150 million from the International Development Association (IDA) of the World Bank Group, the island nation's finance ministry said on Friday.

The funding will strengthen Sri Lanka's financial sector safety net, the ministry said in a statement. (Reporting by Bansari Mayur Kamdar in New Delhi; Editing by YP Rajesh)

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