ECONOMYNEXT – Sri Lanka has signed an agreement with the Asian Development Bank (ADB) for a 200 million dollar loan to continue the Mahaweli Water Security Investment Program (MWSIP) – Stage 2, the Ministry of Finance said. Ministry Secretary Harshana Suriyapperuma and ADB Country Director Takafumi Kadono signed the agreement at the Treasury. The loan will cover a part of the total project cost, the ministry said in a statement. “The objective of the project is to enhance agricultural productivity, farmer incomes, and climate resilience in the North Central Province (NCP).” The MWSIP-Stage 2 comprises of two components; 1) completion…
Sri Lanka gets $200mn loan from Asian Development Bank
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