Home>News Center>World
         
 

World Bank pledges 100 million dollars for Sri Lanka tsunami victims
(Agencies)
Updated: 2004-12-31 21:33

COLOMBO - The World Bank said it was allocating 100 million dollars to Sri Lanka out of an immediate budget of 250 million dollars for nations devastated by the tsunamis.

The bank said it was initially making up the 100 million dollars available by re-allocating funds from existing programs and possibly through emergency credits and grants.

"This will be a combination of new credits and re-allocation of funds from ongoing projects," a bank spokesman said, adding that it was part of the previously announced 250 million dollar World Bank budget set aside for all affected countries.

Sri Lanka, Indonesia and the Maldives had asked for help from the bank.

"Sri Lanka is proportionately perhaps the worst hit of all the affected countries, as a large portion of the country was affected and the bulk of the population lives on the coast," the bank's country director for Sri Lanka, Peter Harrold, told AFP.

Sri Lanka's President Chandrika Kumaratunga announced Thursday that the collateral damage was less than feared and placed the reconstruction cost at less than a billion dollars.

She said the human cost was heavy with the official death toll set to cross 29,000 with a large number of missing expected to be declared dead.




 
  Today's Top News     Top World News
 

China to give 500m yuan aid to tsunami victims

 

   
 

Asian tsunami toll jumps to over 125,000

 

   
 

Argentina club fire kills at least 174

 

   
 

Farming trade deficit hits record

 

   
 

China not to adopt dual nationality

 

   
 

Yao Ming tops NBA All-Star voting

 

   
  Asian tsunami toll jumps to over 125,000
   
  Plans unveiled to protect Iraqi voters
   
  PM presses legal case as Ukrainians mark new year
   
  FBI probes laser beams in plane cockpits
   
  Nine Russians dead as bus crashes in Latvia
   
  Argentina club fire kills at least 174
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Indonesia gives up trying to precisely count its disaster dead
   
Powell to lead delegation to Asian tsunami region
   
China to give 500m yuan aid to tsunami victims
   
4,500 dead in Thailand, half of them foreigners
   
$500m relief tsunami operation in full gear
   
WHO urges medical aid for tsunami survivors
   
Survivor of the tsunami
  News Talk  
  Are the Republicans exploiting the memory of 9/11?  
Advertisement