COLOMBO, NOV 18: Sri Lanka on Tuesday said it has secured agreements to obtain USD 300 million in financial assistance from the Asian Development Bank (ADB) to support economic stability. The funds will be disbursed in three tranches of USD 100 million each for financial sector stability and reform, strengthening macroeconomic resilience and transparency, and a sustainable tourism sector development programme, the finance ministry said in a press release. The financial sector stability and reforms programme is aimed at strengthening the regulatory capacity of the Central Bank of Sri Lanka, while the macroeconomic resilience programme will support broader macroeconomic and public financial management reforms, the ministry said. The sustainable tourism development initiative will in
Sri Lanka secures USD 300 mn ADB support to boost economic stability
Daily Excelsior3 hrs ago
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