The International Monetary Fund approved a bailout of nearly $3 billion in March, which Sri Lanka expects will bring additional funding of up to $4 billion from the World Bank, the Asian Development Bank and other multilateral agencies.
Of the proposed World Bank funding, $500 million will be for budgetary support and is likely to come in two tranches of $250 million each, one of the sources, from the World Bank, said.
All four sources, from the World Bank and the Sri Lankan finance ministry, sought anonymity as they were not authorised to talk to the media.
"Households that have registered for support will be ranked ... and the lowest 2 million will be eligible for support," the source added.
The World Bank and the finance ministry did not immediately respond to requests for comment.
Persons:
Read, Uditha Jayasinghe, Krishna N
Organizations:
Bank, Sri, Reuters, Monetary Fund, World Bank, Asian Development Bank, IMF, Thomson
Locations:
Colombo, Sri Lanka, COLOMBO, Sri Lankan