Sri Lanka expects nearly US$ 1 billion in foreign funding inflows in the near future, including around US$ 700 million in IMF-related support and nearly US$ 300 million from the World Bank and ADB, according to CB Governor Nandalal Weerasinghe.

Governor of the Central Bank of Sri Lanka (CBSL) – Dr. Nandalal Weerasinghe, has reportedly warned that the future remains “highly uncertain” amid prevailing global conditions.

Dr. Weerasinghe made the remarks while addressing the Parliament Committee on Public Finance (CoPF) on May 15, in response to a question raised by acting chairperson of the committee, Rauff Hakeem, regarding the current global conflict situation, ‘Aruna’ newspaper reports.

He had reportedly pointed out that, under the prevailing circumstances, there is an increasing need to reduce fuel consumption, noting that Indian Prime Minister – Narendra Modi had also emphasised the importance of such measures despite India maintaining foreign reserves of around USD 700 billion.

The CBSL Governor further cautioned that if global uncertainty continues, Sri Lanka could face increased risks, adding that it is difficult to make reliable forecasts even for the next 03 months due to the prevailing situation.

Sri Lanka is set to introduce a pilot project focused on rainwater harvesting in a bid to address rising future water demand, Minister of Construction and Water Supply Dr. Susil Ranasinghe announced.

The Minister said the initiative is being planned with a focus on effectively utilising rainwater for non-drinking purposes such as garden landscaping and vehicle washing.

Dr. Ranasinghe highlighted concerns over the sustainability of water supply in the coming years. He noted that within the National Water Supply and Drainage Board’s Western Region alone, there are approximately 1.3 million consumers. He questioned whether, within the next decade, the Water Board would have the capacity to treat and supply sufficient volumes of water to meet growing demand, and whether adequate water resources would remain available in the Kelani River to support this need.

The Minister pointed out that Colombo receives rainfall throughout most of the year, aside from brief dry periods. He stressed the importance of capturing and utilising this rainwater across households, government institutions, and other environments for practical uses.

As part of the initial phase, the government intends to establish rainwater harvesting systems equipped with advanced engineering technology in at least 100 state institutions within the Colombo District. He said this effort is also aimed at sending a broader message to the public on the importance of water conservation.