The Cabinet has approved the procurement of a US$400 million financial facility from the World Bank under a three-year Programmatic Reform Development Policy Operation covering the period 2026–2028.
The funding is intended to support structural reforms, enhance national competitiveness, strengthen economic governance, and promote sustainable economic growth.
Sri Lanka had previously secured US$700 million under the RESET Development Policy Operation (2023–2024). The new facility will focus on two key pillars: improving competitiveness and reinforcing economic governance.
Approval for the programme was granted following a proposal submitted by the President in his capacity as Minister of Finance, Planning and Economic Development.
