ECONOMYNEXT — The Asian Development Bank (ADB) has approved a 100 million dollar financing package to boost Sri Lanka’s macroeconomic stability by strengthening public expenditure management, improving revenue mobilization, and fostering private sector participation. The program will include developing a legal framework for public–private partnerships (PPP) in line with international best practices, and mobilizing additional climate finance and private investment. It will focus on strengthening the management, transparency, and accountability of state-owned enterprises (SOE). “This program also aims to improve the credibility and execution of public expenditure, enhance domestic revenue mobilization, and foster a more predictable and transparent investment climate,”…
ADB to give Sri Lanka $100mn to boost macroeconomic resilience, transparency
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth