Sri Lanka has been selected as one of 20 countries to establish a World Bank Group (WBG) integrated office, set to open in July 2025, according to an announcement made by WBG President Ajay Banga yesterday.
The World Bank Chief shared the news during a virtual meeting with President Anura Kumara Dissanayake and government officials to discuss Sri Lanka’s future development priorities.
“The establishment of the integrated South Asia office is part of Banga’s plan to improve coordination between the four key World Bank institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA),” the Presidential Media Division said.