World Bank commits $200m for energy projects in Sri Lanka

The funding will finance key projects, including renewable energy.

The World Bank has reaffirmed its commitment to support Sri Lanka in the development of various sectors, including energy, with plans to finance three key projects over the next three months totaling $200m.

In a statement, the World Bank said the projects will support the establishment of a facility to attract private investment in renewable energy, rural development, and education.

“Ample opportunities exist in the digital economy, tourism, logistics, agricultural value chains, and renewable energy, but realizing this potential will require further improvements in the business climate,” said World Bank Vice President for South Asia Martin Raiser.

This development was announced during Raiser’s two-day visit to Sri Lanka where he met President Anura Kumara Dissanayake, and government officials, private investors, and development partners to discuss the country's ongoing efforts towards economic recovery and long-term growth.