Sri Lanka Secures Additional US$ 100 Million ADB Loan Amid Economic Uncertainty

The Sri Lankan Cabinet has granted approval to secure an additional US$ 100 million from the Asian Development Bank (ADB). This funding is part of the Policy Based Loan Facilities – 2026. The need for this supplementary financing arises from economic uncertainties exacerbated by the Middle East crisis and climate-related disasters. Previously, in March, the Cabinet had approved obtaining US$ 380 million from ADB facilities, with US$ 100 million specifically allocated for the Trade, Investment and Industries Development Programme – Sub Programme 1.