Climate Resilience Multi-Phase Programmatic Approach project is the first of a three-phase investment program totaling $774 million and to be implemented over eight years This comprehensive climate resilience program will reduce losses to people’s livelihoods and public assets while reducing shocks on the economyThe World Bank approved a $310 million loan to reduce and mitigate flood risks in the lower Kelani basin in Colombo and improve weather forecasting and early warning systems across Sri Lanka, yesterday.