Sri Lanka, July 1 -- The World Bank's Board of Executive Directors approved US$150 million in financing to support Sri Lanka's reform agenda aimed at boosting investment, strengthening competitiveness, and creating jobs.

The Sri Lanka Reforms for Growth, Resilience and Openness Development Policy Operation (REGROW DPO) is the first in a proposed series of three operations and builds on the earlier support under the Resilience, Stability and Economic Turnaround (RESET) DPO series, shifting focus from stabilization to supporting long-term growth. The REGROW series supports the government's efforts to strengthen economic governance and competitiveness - key to unlocking private sector-led growth and job creation.

The first operation provid...