World Bank Group

03/14/2019 | News release | Distributed by Public on 03/14/2019 17:22

Sri Lanka: Local Development Support Project

WASHINGTON, March 14, 2019 - The World Bank Board of Executive Directors today approved financing for the following project:

Sri Lanka - Local Development Support Project

IDA Credit: US$70 million

Terms: Maturity = 27 years; Grace period = 12 years

Sri Lankan Government Fund: US$7 million

European Union Grant: US$23.65 million

Project ID: P163305

Project Description: The project aims to to strengthen local government authorities' capabilities to deliver services to communities in a responsive and accountable manner, and to support economic infrastructure development in participating provinces.