Sri Lanka Selected to Host World Bank Group's Integrated South Asia Office in 2025

COLOMBO (News 1st): The President of the World Bank Group revealed that Sri Lanka has been selected as one of 20 countries worldwide to host the integrated South Asia office, set to open on July 25, 2025.

This was during a virtual meeting yesterday between President Anura Kumara Dissanayake and the President of the World Bank Group Ajay Banga.

This initiative is part of President of the World Bank Group Ajay Banga's plan to establish 20 integrated country offices to improve coordination among the four key World Bank Group 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).

During the meeting, the President of the World Bank Group highlighted his commitment to promoting job creation and addressing critical development challenges.

According to the President's Media Division, these priorities include providing Sri Lanka with financial and technical assistance to implement innovative solutions in sectors such as education, healthcare, social protection, and economic prosperity. 

The World Bank’s support also extends to economic policy, finance, competitiveness, investments, institutional development, and poverty alleviation.

Additionally, efforts are focused on advancing agriculture, water management, climate action, environmental sustainability, social inclusion, infrastructure, and digital transformation.