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LOANS & CREDITS June 25, 2019

Sri Lanka: Climate Resilience Multi-Phase Programmatic Approach

WASHINGTON, June 25, 2019 – The World Bank Board of Executive Directors today approved financing for the following project: 

Sri Lanka - Climate Resilience Multi-Phase Programmatic Approach Project

IBRD Loan: US$310 million

Terms: Maturity = 32 years; Grace period = 7years

Project ID: P160005

Project Description: The project aims to reduce and mitigate flood risks in the lower Kelani basin in Colombo and improve weather forecasting and early warning systems across Sri Lanka.


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