The Asian Development Bank (ADB) has announced a $200 million policy‑based loan to strengthen Sri Lanka’s economy amid pressures from the Middle East conflict.
ADB President Masato Kanda said the support aims to help the country “create jobs, attract investment, and expand trade,” noting that these measures will enable Sri Lanka to withstand current challenges and build resilience against future shocks.
The package includes $100 million in additional financing to help absorb immediate economic pressures, while backing reforms to modernize trade systems, enhance competitiveness of small and medium‑sized enterprises, and attract investment into economic zones.
According to ADB, the reforms will help enterprises expand, export, and integrate into regional and global value chains, supporting private sector‑led growth.
By diversifying exports and strengthening competitiveness, the program is expected to bolster resilience to external shocks and promote long‑term stability.
Founded in 1966, ADB is owned by 69 members and continues to play a leading role in supporting sustainable and inclusive growth across Asia and the Pacific. (Newswire)
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