Sri Lanka to obtain $ 310 million loan from World Bank to improve country's resilience to extreme climate events

Government of Sri Lanka plans to invest US$ 310 million in a multi-phase project to improve country's resilience to extreme climate events and the government's capacity to respond to disasters effectively.Cabinet of Ministers has previously granted approval to implement the Climate Resilience Multi-Phase Programmatic Approach project to mitigate the risks caused by adverse weather conditions.The project will cover the rivers of Mahaweli, Kelani, Malwathu, Ging, Nilwala, Aththanagalu, Mundeni Aru and the river basins of Kala oya, Deduru Oya, Maha Oya and Gal Oya under three phases,International Bank for Reconstruction and Development of the World Bank has extended its willingness to provide credit facilities required for the first phase ..............


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