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Will at least 5 out of the 11 stalled projects in Sri Lanka funded by Japan be completed by the end of 2024?
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Official announcements from the Government of Sri Lanka or Japan
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Japan to Resume $1.1 Billion Funding for 11 Stalled Projects in Sri Lanka
Jul 24, 2024, 11:19 AM
The Government of Japan has decided to resume funding for all stalled projects in Sri Lanka, according to a statement by the Japanese envoy. This decision includes the resumption of yen loans and other operations related to ongoing projects. A total of 11 projects in Sri Lanka are set to restart, bringing in $1.1 billion in undisbursed funds over the next five years. The announcement, made on July 24, marks the first such commitment since Sri Lanka finalized its debt restructuring efforts.
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