Sri Lanka, WB launch US$ 100mn initiative to boost agri-food sector

Sri Lanka and the World Bank Group on Monday announced a US$ 100 million partnership to strengthen rural livelihoods, increase agricultural productivity, and build climate resilience in the country's agri-food sector, the Treasury said.

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The Integrated Rurban (Rural and Urban) Development and Climate Resilience Project will directly support 8,000 agri-food producers, improve irrigation and drainage on 71,000 hectares, and promote climate-smart farming practices aimed at boosting yields and reducing losses. The initiative is also expected to create new jobs in rural areas, with a focus on women and youth, by strengthening agribusiness value chains and expanding market access. "The National Policy Framework of the government, A Thriving Nation - A Beautiful Life' has given utmost priority in attaining sustainable