Colombo, Oct 7, 2024 (AFP) - Sri Lanka's leftist government secures $200m World Bank loan

NAMPA / AFP

2024-10-07

Sri Lanka said on Monday it had secured a new $200 million World Bank loan to bolster economic recovery, the first foreign funding since leftist President Anura Kumara Dissanayake won elections. Dissanayake, a self-avowed Marxist, took power last month on the back of public anger over the island's 2022 economic meltdown, promising to reverse steep tax hikes, raise public servant salaries and renegotiate an unpopular $2.9 billion International Mon......

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