The Cabinet of Ministers has approved a proposal by President Anura Kumara Dissanayake, in his capacity as Minister of Finance, to obtain a concessional loan of USD 200 million from the Asian Development Bank (ADB).
The approval follows Cabinet consent on 15 June 2026 to conduct loan agreement discussions under Sub‑Programme 1 of the ADB’s Trade, Investment and Industrial Development Programme, which have now been successfully concluded.
Clearances for the loan have been received from the Attorney General’s Department and the Central Bank of Sri Lanka, with the arrangement subject to conditions set by the State Debt Management Office.
The loan is expected to support ongoing economic development initiatives while strengthening trade and investment programmes. (Newswire)