Day: July 13, 2017

World Bank to loan USD 1,340 million to Sri Lanka

The World Bank has decided to entrust Sri Lanka a loan worth USD 1,340 million as aid to enhance financial and technological stability, for a period of three years, in effect from July 1, this year, the Finance Ministry said in a statement.

Sri Lanka says Buddhism will remain paramount in new charter

Sri Lanka’s prime minister said on Wednesday Buddhism will remain paramount in the bitterly divided island, seeking to head off protests led by the powerful Buddhist clergy against proposed changes to the constitution.