Sri Lanka was hit by its worst economic crisis in history in 2022. Citing continued satisfactory progress in Sri Lanka’s reform programme, the World Bank on Wednesday announced the release of the second tranche of $ 250 million to the cash-strapped country which will help stabilise the economy. The World Bank had pledged $ 500 million in budgetary support and released its first tranche in June to cash-strapped Sri Lanka, which has a total foreign debt of $ 46.9 billion. Through the facility known as the Resilience, Stability and Economic Turnaround (RESET) Development Policy Operation (DPO), the World Bank release was made considering the continued satisfactory progress made by
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