US$120 Mn Support From World Bank to Help Sri Lanka Rebuild After Cyclone Ditwah

COLOMBO (News 1st); The World Bank Group has announced up to US$120 million in emergency support for Sri Lanka, responding to the Government’s urgent request following the devastation caused by Cyclone Ditwah.

This funding, repurposed from ongoing projects, will accelerate recovery and restore essential services and infrastructure in the hardest-hit areas—including health care, water, education, agriculture, and connectivity.

The World Bank expressed deep sorrow over the disaster, extending condolences to those who lost loved ones, homes, and livelihoods.

It also commended the remarkable resilience of Sri Lankans and the Government’s swift action to save lives and launch recovery efforts.

Alongside this emergency support, the International Finance Corporation (IFC)—the private sector arm of the World Bank Group—will strengthen Sri Lanka’s private sector through advisory services and strategic investments in key sectors such as agriculture, manufacturing, logistics, and MSMEs. These efforts aim to create jobs and drive economic recovery.

To guide recovery, a Global Rapid Post-Disaster Damage Estimation (GRADE) assessment is already underway in partnership with the Global Facility for Disaster Risk Reduction (GFDRR). This rapid assessment will provide credible estimates of disaster impacts, helping target response and recovery efforts effectively.

The World Bank is also working closely with the Government on broader recovery plans, including the creation of the “Rebuilding Sri Lanka” Fund and the next phase of post-disaster needs assessments.

“Our hearts go out to every Sri Lankan affected by Cyclone Ditwah. We are inspired by how communities across the country have come together to support each other during this difficult time,” said Gevorg Sargsyan, World Bank Group Country Manager for Sri Lanka and Maldives.

“The World Bank Group is committed to helping Sri Lanka restore livelihoods, accelerate economic recovery, and rebuild stronger, safer, and more resilient communities.”

Looking ahead, the World Bank Group stands ready to mobilize additional resources based on GRADE findings and recovery financing needs.

Future programs will be adjusted to accommodate the impacts of this crisis.

The organization stressed that support will reach those who need it most quickly, transparently, and effectively, with robust oversight mechanisms in place alongside implementing agencies and local authorities. Coordination with development partners will ensure that collective efforts deliver maximum impact and help Sri Lanka recover and rebuild for the long term.