Sri Lanka signs agreement for 200mn USD ADB loan, 3mn USD Japan grant economynext.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economynext.com Daily Mail and Mail on Sunday newspapers.
The Asian Development Bank (ADB) approved a $200 million emergency assistance loan for Sri Lanka, with funds repurposed from other ongoing ADB projects, to improve food security and protect the livelihoods of the poor and vulnerable, especially women and children.
“Food insecurity has severely af
MANILA, PHILIPPINES (30 August 2022) — The Asian Development Bank (ADB) approved a $200 million emergency assistance loan for Sri Lanka, with funds - Get the latest breaking news and top stories from Sri Lanka, the latest political news, sports news, weather updates, exam results, business news, entertainment news, world news and much more from News 1st, Sri Lanka's leading news network.
To increase food production and offset increasing agricultural production costs, the project will provide financial support for a maximum of 2 hectares of land cultivated by each farmer in higher-yield zones during the upcoming cultivation season.
ADB approved a $200 million emergency assistance loan for Sri Lanka, with funds repurposed from other ongoing ADB projects, to improve food security and protect the livelihoods of the poor and vulnerable, especially women and children.