Home
Finance Resources
Investment Planning
Banking
Finance
Stock Market
Futures & Options
Trading
Mutual Funds
Insurance
Taxation
Enquire
Home » Finance Current Affairs » WB approves $75 mn credit to Sri Lanka

WB approves $75 mn credit to Sri Lanka

Current Affairs

Washington: The World Bank announced to approve a USD 75 million International Development Association credit to Sri Lanka.

This will support the second phase of a community driven development program that has touched the lives of nearly one million poor Sri Lankans in the three provinces of Uva, Southern, and Sabaragamuwa, the Bank said.

The Second Community Development and Livelihood Improvement Project, known also as Gemi Diriya or 'the strength of the villages,' is active in over 1,000 villages, helping communities identify, prioritise, plan, fund, and implement their own development needs.

About 870,000 people in the most remote and poorest villages have benefited from community infrastructure and productive investments such drinking water, access roads and bridges, ICT centers, access to credit, markets, skills and income generation, the Bank said.

"Gemi Diriya has proven remarkably successful in empowering the poor and raising incomes in some of Sri Lanka's poorest provinces," said Naoko Ishii, World Bank Country Director for Sri Lanka.

"Key to its success is the focus on social services, skills development, access to micro-finance for small businesses and micro-enterprises, and partnerships with the private sector," he said.



More Current Affairs
1 2 3 4 5 6 7 8 9 10 11 >> Next


put comment
Domain Registration | Windows Hosting | Linux Hosting | Java Hosting | Virtual Dedicated Server | Dedicated Server | Reseller Web Hosting | Unlimited Windows reseller hosting | Unlimited Linux reseller hosting | Cheap Windows reseller hosting | Cheap Linux reseller hosting | Cheap Windows hosting | Best Windows hosting | Windows hosting Multiple Domains | Unlimited Windows hosting | Compare hosting plans | Cheap Linux hosting | Best Linux hosting | Linux hosting Multiple Domains | Unlimited Linux hosting | Cheap asp.net hosting | Best asp.net hosting | unlimited asp.net hosting | Cheap asp.net reseller hosting | Unlimited asp.net reseller hosting | Java Features | Cheap Java hosting | Best Java hosting | unlimited Java Hosting | Unlimited Linux reseller hosting | Java Hosting Multiple Domains| | Matargashti Full Song | Matargashti mp3 Download | Matargashti Video Download | Matargashti Song Tamasha | Prem Ratan Dhan Payo Songs Download | Prem Ratan Dhan Payo Songs mp3 Download | Prem Ratan Dhan Payo Songs Video Download | Pinga Song Download | Pinga Full Song mp3 Download | Pinga Song mp3 Download | Pinga Song Video Download | Latest Bollywood Updates | Bollywood Updates | Prem Ratan Dhan Paayo Songs Download|
© ProfitGuruOnline-2023. All Rights Reserved.