Sri Lanka to start disaster recovery fund, World Bank to assess Ditwah damage

ECONOMYNEXT – Sri Lanka will set up recovery fund with joint public and private sector representatives, to rebuild infrastructure with the World Bank tasked with assessing the Cyclone damage, a statement from the President’s office said. The government has begun discussions with the World Bank to prepare a detailed assessment of the damage across sectors and the financial requirements for reconstruction. The World Bank has been commissioned to conduct the Global Rapid Post-Disaster Damage Estimation (GRADE). The government expects to receive the GRADE assessment within two weeks. The extend of the damage is far greater than what is visible on…

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