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LOANS & CREDITS March 14, 2019

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 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.


Dilinika Peiris
+94 (011) 5561347
Elena Karaban
+1 (202) 473-9277