  
Sri Lanka has established a major multilateral partnership with the World Bank and the International Fund for Agricultural Development (IFAD) to roll out the AgriConnect initiative, a sector-wide development program backed by $665 million.
The joint undertaking brings together international financing institutions to support agricultural infrastructure, market connectivity, and sustainable rural development across the island nation. Through coordinated funding and strategic deployment, the AgriConnect plan is structured to enhance domestic agricultural capabilities and reinforce long-term food production systems.
Key Developments
- Total Investment: A $665 million capital commitment allocated toward national agricultural advancement.
- Institutional Backing: Joint partnership between the Government of Sri Lanka, the World Bank, and the International Fund for Agricultural Development (IFAD).
- Program Scope: The AgriConnect plan focuses on modernization, supply chain integration, and economic resilience for agricultural stakeholders.
A funding package of this scale marks a substantial intervention for Sri Lanka’s rural economy, providing critical capital to bolster agrarian productivity and insulate local supply chains against broader macroeconomic pressures.