WB pledges $100m for Lanka tsunami victims

COLOMBO: The World Bank on Friday said it was allocating 100 million dollars to Sri Lanka out of an immediate budget of 250 million dollars for nations devastated by the tsunamis.

The bank said it was initially making up the 100 million dollars available by re-allocating funds from existing programmes and possibly through emergency credits and grants. “This will be a combination of new credits and re-allocation of funds from ongoing projects,” a bank spokesman said, adding that it was part of the previously announced 250 million dollar World Bank budget set aside for all affected countries.

Sri Lanka, Indonesia and the Maldives had asked for help from the bank. afp

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