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Uncertainty clouds the economic outlook – Survey

Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..

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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. 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. The ADB said its Financial Sector Stability and Reforms Program for Sri Lanka includes two subprograms of $200 million each that would help strengthen the stability and governance of the country’s banking sector, and deepen sustainable and inclusive finance, particularly for women-led micro, small, and medium-sized enterprises.

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Asian Development Bank approves a $200M loan to debt-stricken Sri Lanka – Winnipeg Free Press

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ADB approves $200 Million loan to stabilize Sri Lanka's finance sector - Top Story

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

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

Japan , Indian-ocean , Oc , China , Colombo , Western , Sri-lanka , India , Sri-lankan , Gotabaya-rajapaksa , Takafumi-kadono

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.

Sri-lanka , India , Indian-ocean , Oc , China , Japan , Sri-lankan , Gotabaya-rajapaksa , Takafumi-kadono , Reforms-program-for-sri-lanka , International-monetary-fund

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.

Sri-lanka , India , China , Indian-ocean , Oc , Japan , Sri-lankan , Gotabaya-rajapaksa , Takafumi-kadono , Asian-development-bank , Reforms-program-for-sri-lanka

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.

Washington , United-states , India , Sri-lanka , China , Indian-ocean , Oc , Japan , Sri-lankan , Gotabaya-rajapaksa , Takafumi-kadono

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-ocean , Oc , India , China , Sri-lanka , Japan , Sri-lankan , Gotabaya-rajapaksa , Takafumi-kadono , Reforms-program-for-sri-lanka , Asian-development-bank