The Asian Development Bank (ADB) is to give Sri Lanka US$ 145 million for science and technology in higher education, developing curricula with industry inputs to nurture a new breed of technology-oriented graduates.
The government of Sri Lanka has reportedly decided to disburse Rs. 1 billion to small and medium scale mill owners to purchase paddy in order to break existing monopolies and re-establish a competitive market place
The new national policy for its maritime and logistics sectors of the Sri Lankan government has reportedly recommended several measures to encourage ship financing such as removing single borrower credit limits.
The Agriculture Department of Sri Lanka has reportedly stated that it expected the country to produce 2.85 million tonnes of paddy (rough rice) in the current Maha major cultivation season,
The World Bank Vice President for the South Asia Region Hartwig Schafer has arrived in Sri Lanka on his first visit to the country to gain a better understanding of its development priorities and how the Bank can continue to support its critical reform agenda.