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ADB approves 200-mln-USD loan to help stabilize finance in Sri Lanka

ADB approves 200-mln-USD loan to help stabilize finance in Sri Lanka
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Asian Development Bank Approves a USD 200 Million Loan to Debt-stricken Sri Lanka

The bank's announcement comes as Sri Lanka is awaiting International Monetary Fund approval for the second installment of a USD 2.9-billion bailout package to rescue the country from bankruptcy.

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Asian Development Bank approves a $200M loan to debt-stricken Sri Lanka

The Asian Development Bank said Friday that it has approved $200-million concessional loan to debt-stricken Sri Lanka to help stabilize the country's finance sector following an unprecedented economic crisis that engulfed the Indian Ocean island nation last year.

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Asian Development Bank approves a $200M loan to debt-stricken Sri Lanka

Asian Development Bank approves a $200M loan to debt-stricken Sri Lanka
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Asian Development Bank approves a $200M loan to debt-stricken Sri Lanka

The Asian Development Bank says it approved $200-million concessional loan to debt-stricken Sri Lanka to help stabilize the country's finance sector.

Indian oceanSri lankaSri lankanGotabaya rajapaksaTakafumi kadonoReforms program for sri lankaAsian development bankInternational monetary fundFinancial sector stabilityReforms programPresident gotabaya