About US$ 3 bn, 96 projects and 50-years later, Sri Lanka is still begging for World Bank help

The Hapag-Lloyd delegation including, Capt. Prateek Gandhi – Director Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Faheem Mir – Manager - Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Lalith Witanachchi – Vice President, Hapag-Lloyd Lanka (Pvt) Ltd, Mr. Mindaka Dassanayake – General Manager, Hapag-Lloyd Lanka (Pvt) Ltd.,Mr. Rohan Ranasinghe – Terminal Operations Manager, Hapag-Lloyd AG and Mr. Iqram Cuttilan – Managing Director, Aitken Spence Shipping Ltd poses for a pic with SLPA’s Chairman -Admiral Sirimewan Ranasinghe and the Managing Director - Eng. Ganaka Hemachandra. SLPA's Vice Chairman - Eng. Herath M.P. Jayawardhana, Director (Operations) - Mrs. G. Zavia Miskin and Director (Marketing and BD) - Mr. H J K U Kumara are also present.

About US$ 3 bn, 96 projects and 50-years later, Sri Lanka is still begging for financial assistance from the World Bank. About US$ 3 bn, 96 projects and 50-years later, Sri Lanka is still begging for financial assistance from the World Bank. Sri Lanka's total project allocation for 2004 tops US$ 400 mn, but World Bank's Vice President South Asia Region, Praful Patel says the county has missed opportunities during the half century partnership.
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World Bank's love affair with Sri Lanka took off in 1954, with assistance for the Aberdeen-Laxapana Power Project.

Half a century later, only 64 percent of Sri Lankan households have electricity. But nearly 80 percent of the power is distributed among the cosmopolitan Western Province.

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Others like Uva enjoy less than 30 percent coverage.

The irony is that Sri Lanka is still embroiled in an energy crunch and a lot of the Bank's assistance is channeled towards lighting up the rural masses by using renewable energy methods.

The country's per capita income stood at US$ 947 last year, but a quarter of the 19 mn still lives below the poverty line.

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