Asian Development Bank approves a $200M loan to debt-stricken Sri Lanka
By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — The Asian Development Bank says it approved $200-million concessional loan to debt-stricken Sri Lanka to help stabilize the country’s finance sector. An unprecedented economic crisis engulfed the Indian Ocean island nation last year. Sri Lanka is awaiting International Monetary Fund approval for a second installment
Continue Reading