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.