## Cabinet Approves US$ 400 Mn World Bank Facility for Reforms 📈

The Cabinet of Ministers has greenlit a US$ 400 million financial facility from the World Bank to bolster Sri Lanka's ongoing structural reform agenda under the IMF's Extended Fund Facility (EFF). • Facility Details: A three-year Programmatic Reform Development Policy Operation (DPO) spanning the 2026–2028 period. • Primary Objectives: Focused on strengthening competitiveness, enhancing economic governance, and promoting sustainable growth. • Key Pillars: • Competitiveness: Expanding exposure to global markets and deepening structural reforms. • Governance: Improving public financial management and institutional accountability. • Context: This follows the previous US$ 700 million RESET DPO (2023–2024) which targeted macroeconomic stability. • Strategic Impact: Aims to bridge financing gaps, reinforce investor confidence, and sustain reform momentum alongside partners like the ADB. _Source: Cabinet Press Briefing (Provisional data)_