Business

ADB Country Director Praises SME Success in Kandy, Pledges Continued Support

  • August 8, 2024

Asian Development Bank (ADB) Country Director for Sri Lanka, Takafumi Kadono, recently visited ADB-aided small and medium-sized enterprises (SMEs) in Kandy. Kadono expressed his admiration for the success of these projects and committed to providing further support for Sri Lankan SMEs. The ADB has successfully completed the disbursement of the Small and Medium-Sized Enterprise Line

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Finance

ADB and Sri Lanka Secure $100 Million Loan for Power Sector Reforms

  • August 7, 2024

On Monday, the Asian Development Bank (ADB) and the Government of Sri Lanka signed a $100 million loan agreement for Subprogram 1 of a policy-based loan (PBL) aimed at supporting significant reforms in the country’s power sector. This loan is part of a broader $300 million programmatic approach PBL, which includes three subprograms designed to

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