Sri Lanka gets World Bank loan to rebuild in conflict areas

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

June 06, 2008 (LBO) – The World Bank plans to give Sri Lanka a loan of 75.6 million dollars mainly to rebuild the homes of people in the war-ravaged north and east, the lending agency said in statement.

Technical assistance will also be provided under the program to help meet the long term housing needs in the North and East through improved construction standards, enhanced community involvement in housing construction and streamlined mechanisms to resolve property disputes.

The 22.6 million dollars for the Public Sector Capacity Building Project aims to improve public administration and financial management by strengthening and modernizing key public sector institutions – Department of Census and Statistics and Auditor General’s Department.

The 10 million dollars in additional financing for the Education Sector Development Project is designed to improve the education of children living in poor regions of the country.

“In particular, it aims to promote English language skills to improve the future economic opportunities of poor students and as a link language between children of different ethnic communities,” the bank said.

The bank said Sri Lanka’s strong economic growth has l

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