ISSN: 1391 - 0531
Sunday June 08, 2008
Vol. 42 - No 54
Financial Times  

WB support for Lankan projects

The World Bank on Thursday approved a US$75.6 million support package to Sri Lanka for a range of projects including the reconstruction of houses in the conflict-affected North and East, the Bank said.

The other support is for upgrading of statistical capacity and auditing standards, and promotion of equitable access to basic and secondary education. The statement said US$43 million in additional financing for the North East Housing Reconstruction Programme is designed to finance the reconstruction of 13,615 houses in the North and East of the country.

The US$22.6 million for the Public Sector Capacity Building Project aims to improve public administration and financial management by strengthening and modernizing key public sector institutions - Department of Census and Statistics and Auditor General’s Department.

The US$10 million in additional financing for the Education Sector Development Project is designed to improve educational outcomes of children living in poor regions of the country, the Bank statement added.


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