ADB approves $200M loan to aid Sri Lanka's financial sector reforms and economic recovery.

The Asian Development Bank has approved a $200 million loan to support Sri Lanka's financial sector, focusing on enhancing the Central Bank's supervision of banks and implementing a new stress testing model. This is the second phase of ADB's program, aimed at stabilizing the financial sector and promoting economic recovery. The reforms include improving regulatory oversight and digitizing personal information to boost electronic transactions.

November 19, 2024
11 Articles