ECONOMYNEXT — The Asian Development Bank (ADB) has approved a 100 million dollar loan to support Sri Lanka’s tourism sector, with a particular focus on developing the Dambulla and Trincomalee areas, the global lender said. The financial package will back policy reforms and ‘targeted catalytic investments’, which align with the country’s National Tourism Policy. ADB said. “Through appropriate policy and institutional reforms, infrastructure enhancements, and improved sector resilience against internal and external shocks, tourism can become the engine of inclusive economic growth,” said ADB Country Director for Sri Lanka Takafumi Kadono. The ADB program will support policy and institutional reforms…
ADB approves $100mn loan for Sri Lanka tourism
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