ADB approves US $ 100mn to strengthen financial stability in SL

The Asian Development Bank (ADB) has approved a US $ 100 million loan to address the complex and challenging structural reforms in Sri Lanka's financial sector, through better governance, continued policy reforms and enhanced financial inclusion.

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This loan builds on the structural reforms addressed in the previous two ADB lending programmes, totalling US $ 400 million, since the country’s economic crisis in 2022. It will support the culmination of the previous reform efforts, focusing on the completion and long-term sustainability of the measures aimed at enhancing the financial sector's resilience and continuing service delivery.

"The ADB is proud to support Sri Lanka's continued efforts in strengthening the financial sector," said ADB Country Director for Sri Lanka Takafumi Kadono.