Sri Lanka is to obtain USD 75 million (approx. Rs. 11,400 million) from the International Development Association (IDA) of the World Bank to implement the Financial Sector Modernization Project. The financing agreement was signed by Dr. R.H.S. Samarathunga, Secretary, Ministry of Finance and Mass Media on behalf of the government of Sri Lanka and Ms. Idah Z Pswarayi – Riddihough, World Bank Country Director for Sri Lanka and Maldives on behalf of the World Bank at the Ministry of Finance.

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