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Sri Lanka's Cabinet approves $200m ADB loan for financial sector reforms and stabilization.
Sri Lanka's Cabinet has approved a $200 million loan from the Asian Development Bank to support financial sector reforms and stabilization.
This funding is part of a larger initiative, with a total of $400 million agreed upon in September 2023.
The loan aims to address financial instability and includes plans for a financial stability fund, essential for managing crisis resolution, following a significant economic crisis two years ago.
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El Gabinete de Sri Lanka aprueba un préstamo del BAsD de $200 millones para reformas y estabilización del sector financiero.