Aid disbursements for this year from the top three lending institutions to Sri Lanka endash the ADB, the World Bank and JBIC, is expected to reach US$ 1 bn.
ldblquote This is as against normal disbursements of US$ 650 mn dblquote , World Bank Country Director Peter Harrold told journalists on Thursday.rn
rnldblquote It is through project support and is roughly split up into US$ 250 mn between all three with the rest through external sources dblquote .rn
rnAlmost all of this will come through ongoing projects, with no new projects approved since the Tokyo declaration in June this year.rn
rnldblquote We are preparing significant new projects but will closely monitor the progress of the peace process to determine the right time to fund these new projects dblquote , Country Director for the Japan Bank for International Co-operation (JBIC), Katsuhiko Okazaki said.rn
rnBut even with new projects brought on board, it is unlikely that even 20 percent of the hoped for aid utilisation levels is reached,