United States provides USD150 Mn to DFCC Bank towards facilitating inclusive growth of Sri Lankan Small and Medium sized businesses
July, 19, 2021
The United States is contributing to Sri Lanka’s economic resilience through the provision of a financial facility of USD 150Mn. The facility awarded by the United States International Development Finance Corporation (DFC) to DFCC Bank as a Bilateral loan will go towards the local Micro, Small and Medium Enterprise (MSME)sector, as well as women-led enterprises in Sri Lanka.
This facility from the U.S. International Development Finance Corporation to DFCC Bank is the largest loan disbursement by the DFC for Sri Lanka to date. This loan also contributes to DFC’s wider goals of empowering communities across the globe, as well as tackling gender inequality, and improving economic equity, both of which were exacerbated by the COVID-19 pandemic.