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.