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LOANS & CREDITS

Sri Lanka: North East Local Services Improvement Project

May 13, 2010



Sri Lanka country context has changed dramatically since the end of the armed conflict in 2009. The Sri Lankan economy grew strongly during 2011 (about 8%), largely due to the post-conflict rebound. Resettlement of Internally Displaced Persons is largely complete. Sri Lanka is now a middle income country. As a consequence of achieving a middle income status, Sri Lanka has acquired access to IBRD financing as of FY12, allowing for significantly increased financial support from the World Bank during the coming years. 


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Erik Nora
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enora@worldbank.org

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