ECONOMYNEXT — The Asian Development Bank (ADB) has approved a 100 million dollar loan for Sri Lanka to address ‘complex and challenging structural reforms’ in its financial sector. “This initiative builds on earlier banking sector reforms and aims to broaden access to finance for micro, small, and medium-sized enterprises, with a strong focus on empowering women-led enterprises,” said ADB Country Director for Sri Lanka Takafumi Kadono. The loan builds on the structural reforms addressed in the previous two ADB lending programs totaling 400 million dollars since the country’s economic crisis in 2022, the global lender said. “The program will strengthen…
Sri Lanka to get $100mn loan from ADB to strengthen financial stability
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