The World Bank’s Executive Board has granted $150 million for the Sri Lanka Financial Sector Safety Net Strengthening Project, aimed at enhancing the resilience and institutional capacity of Sri Lanka’s financial sector.

Focusing on the Sri Lanka Deposit Insurance Scheme (SLDIS), the project aims to fortify the country’s financial stability, safeguard smaller depositors, and reinforce confidence in the financial system.

Managed by the Central Bank of Sri Lanka, the SLDIS will receive support for reserves and institutional strengthening in alignment with international deposit insurance standards. The initiative responds to Sri Lanka’s economic challenges, emphasizing the importance of robust safety nets during a macro-debt crisis.