Sri Lanka to get USD50mn loan for early childhood development project – Lanka Business Online – Sri Lanka business and economy news as it breaks

June 01, 2015 (LBO) – Sri Lanka will hold discussion with World Bank to obtain a loan facility of 50 million US dollars to develop an early childhood development project,in the island, Cabinet Spokesman Rajitha Senaratne told media at a press briefing held recently.

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“The government’s development strategies have identified the importance of making more investment in early childhood,” He said.

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The international development agency of the World Bank has agreed to make financial contribution for this purpose, Senaratne said.

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Accordingly, the Cabinet of Ministers has approved a proposal made by Finance Minister, Ravi Karunanayake to hold discussion with the relevant body of the World Bank to enter into an agreement to obtain the loan facility.