The World Bank has made it clear to Sri Lankan counterparts that all transitions made on the US$ 110mn allocated fertilizer funding will be strictly audited by its officials.
Fertilizer will be purchased in a transparent bidding process in an open and transparent process.
International competitive biddings is underway and the World Bank has set in place many procedures to ensure a fraud-and-corruption-free process
All transactions will be inspected and audited by World Bank officials and records will be opened to auditors designated by the World Bank.
Procurement will be carried out for 125,000 Metric Tonnes of urea
USD 350 million in emergency financing has been allocated by the World Bank as emergency funding.
The fertilizer is to be delivered for the Maha season by mid-September.
President Ranil Wickramasinghe announced that steps have been taken to provide fertilizer required for the upcoming Maha season to the farmers without any delay, during his recent visit to Anuradhapura.