Sri Lanka

Sri Lanka: WB undertakes local projects worth US$ 900

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The World Bank, in addition to development projects already scheduled until the year 2012, will undertake a series of development activities in Sri Lanka including in the North and East, Country Director, Naoko Ishill said.

The World Bank has allocated US$ 900 million for the implementation of these projects.

She said these projects will cover a series of development activities covering areas such as dam safety and water resource planning, integrated community development, national and provincial road development, irrigation, maintenance and water resource management, general education and health sector development.

She emphasized the importance of developing the agricultural sector in Sri Lanka as it has become the major source of livelihood of many Sri Lankans, especially in areas where the World Bank has initiated several development activities.