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World Bank, Sri Lanka kick-off $ 120 m agri-food and climate project

Daily FT

September 10, 2025

THE World Bank yesterday said it was granting a $ 100 million loan for Sri Lanka's $120 million Integrated "Rurban" (Rural and Urban) Development and Climate Resilience Project, which will directly support 8,000 agri-food producers.

More than 380,000 people across Sri Lanka are expected project, which aims to benefit from the to strengthen rural livelihoods, create jobs, and build climate resilience in the agri-food sector.

The agriculture sector employs over 25% of the labour force, contributes nearly 7% of GDP, and generates about 22% of foreign exchange earnings.

The $ 100 million financing comes from the International Development Association (IDA) of the World Bank Group, under an agreement signed on 8 September 2025 by Treasury Secretary Dr.

Harshana Suriyapperuma on behalf of the Government of Sri Lanka, and World Bank Country Director for Maldives, Nepal and Sri Lanka David Sislen on behalf of the IDA.

यह कहानी Daily FT के September 10, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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