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Asian Development Bank approves a USD 200 million loan to debt-stricken Sri Lanka - Vimarsana News

Asian Development Bank approves a USD 200 million loan to debt-stricken Sri Lanka

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Source: theweek.in
Asian Development Bank approves $200 million loan to debt-stricken Sri Lanka - Vimarsana News

Asian Development Bank approves $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 $2.9-billion bailout package to rescue the country from bankruptcy.

Asian Development Bank Approves a USD 200 Million Loan to Debt-stricken Sri Lanka - Vimarsana News

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.

Source: news18.com
Asian Development Bank approves a $200M loan to debt-stricken Sri Lanka - Vimarsana News

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.

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

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.