The Government of Sri Lanka (GoSL) has planned to obtain a loan of US Dollars 150 million from the Asian Development Bank (ADB) for implementing the Responsive Covid – 19 Vaccines for Recovery Project. It is expected to obtain US Dollars 84 million from the Asia Pacific Vaccine Access Facility and the remaining US Dollars 66 million from the Standard Local Allocation of the Ordinary Capital Resources Fund of the ADB.
The total cost of the project is US Dollars 161.85 million and the GoSL will bear US Dollars 11.85 million thereof. The loan is planned to be used for a number of related activities, including cost of vaccination, installation of vaccine-related monitoring systems, providing of refrigerated transport facilities, and strengthening the clinical waste management. Accordingly, the Cabinet of Ministers approved the proposal tabled by Hon. Prime Minister, the Minister of Finance to proceed with the relevant further steps to obtain the said loan.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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