World Bank to approve $700 million for Sri Lanka next week
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At the next board meeting on 28 June, the World Bank will likely approve $700 million in welfare and budgetary support for Sri Lanka.
In March, the International Monetary Fund approved a bailout of nearly $3 billion to assist the island with economic recovery. This bailout is expected to bring further funding of up to $4 billion from various institutions including the World Bank and the Asian Development Bank.
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