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Sri Lanka gets US$56mn from World Bank CERT re-allocations for Covid-19

ECONOMYNEXT – Sri Lanka has been given 56 million US dollars by the World Bank from existing projects for anti-Coronavirus projects, on top of a 128.6 million health sector loan that was approved on April 02, 2020 the Washington-based lender said.

“We have been working closely with the Government of Sri Lanka to support its COVID-19 emergency response and prepare for a resilient recovery,” Faris H. Hadad-Zervos, World Bank Country Director for Maldives, Nepal and Sri Lanka said in a statement.

“We’re moving fast to reallocate financing from existing projects to improve food security and children’s education, ensure that people can use public transit without getting sick, and harness digital solutions to continue delivering public services.”

The funds were re-allocated using a Contingency Emergency Response Components (CERC) clause of four active projects

This involved 17 million from the Local Development Support Project (LDSP), 15 million dollars from the General Education Modernization Project (GEMP), 9 million dollars from the Sri Lanka Primary Healthcare System Strengthening Project (PHSSP) and 15 million dollars from the Climate Smart Irrigated Agriculture Project (CSIAP).

It will help poor and vulnerable farming households purchase seeds and rehabilitate storage facilities to help ensure food security, help learning at home by tele-education and e-learning for school children, especially in rural, smaller and under-resourced schools.

It will also help create a safe and hygienic school environment for students once in-person lessons resume.

The funds were also use to disinfect public transport and provide them with hand sanitizers, protective gear and body temperature screening equipment, and also support a digital document management system to improve public services and video conferencing to facilitate work from home. (Colombo/Sept13/2020)