Sri Lanka plans $1.6 bn in cyclone recovery spending in 2026
Summary
Sri Lanka plans to allocate $1.6 billion in 2026 for recovery from Cyclone Ditwah, which caused extensive damage and killed over 640 people. The government seeks international aid and loans to support reconstruction and disaster relief without increasing debt.
Key Points
- Sri Lanka plans to spend $1.6 billion in 2026 for recovery from Cyclone Ditwah, which killed over 640 people.
- The cyclone affected 2.3 million people and caused widespread damage to homes, roads, and infrastructure.
- The government will not increase its borrowing limit but aims to fund recovery through foreign grants and international loans.
- Sri Lanka has secured financial support from the IMF, World Bank, and Asian Development Bank for disaster recovery and water management projects.
