World Bank signs additional 200 million USD to support Sri Lanka’s economic reforms ...Middle East

Colombo: The World Bank and the Sri Lankan government signed on Monday for an additional 200 million U.S. dollars for economic reforms in the country, according to a statement from the World Bank. The World Bank said it signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for 200 million dollars, which aims to support reforms that improve economic governance, enhance growth and competitiveness, and protect the poor and vulnerable, helping to build Sri Lanka’s resilience and fostering an equitable economy. According to the World Bank, this is the second operation in a two-part series that began in 2022. The first operation, totaling 500

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