- 200 million dollar policy-based loan has been approved by the ADB to help Sri Lanka in strengthening its financial sector.
- This marks the second subprogram under Financial Sector Stability and Reforms Program of Asian Development Bank (ADB) towards stabilising the Sri Lanka’s economy and manage the financial crisis started in 2023.
- The program aims to establish long-term growth by introducing structural reforms in the financial sector.
- ADB also appreciated progress of Sri Lanka in stabilizing macroeconomic conditions and improving its fiscal framework.
- One of the key reforms under the program is increased regulatory oversight by the Central Bank of Sri Lanka.
200 million dollar policy-based loan has been approved by the ADB to help Sri Lanka in strengthening its financial sector
ByCurrent Hunt Team
Nov 23, 2024