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World Bank cleared a US$ 75 million loan to Sri Lanka

Mahilankadu farmers experience mechanised transplantation of paddy seedlings at the Commercial Bank programme

A World Bank Wednesday cleared a US$ 75 million loan to Sri Lanka for housing reconstruction in the war ravaged North and East of the island.
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A World Bank Wednesday cleared a US$ 75 million loan to Sri Lanka for housing reconstruction in the war ravaged North and East of the island. Around 46,000 poor, conflict-affected families from the North and East will see their homes patched up, with the project also hoping to provide employment in the community.
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The four-year program will help reconstruct 46,000 houses in the Northern and Eastern parts of the country providing a cash grant of up to Rs. 150,000 for each family.

Families with a monthly household income of less than Rs.

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2,500 per month, those who have been displaced during the war, women-headed households, and those with land mine victims will benefit from this program.


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"In addition to providing housing for about 200,000 poor and vulnerable people, we hope this program will pave the way for the development of a sustainable housing program," said Peter Harrold, World Bank Country Director for Sri Lanka in statement on Wednesday.

The program will also generate several emp

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