- Last Update 2025-04-30 17:24:00
ADB releases first loan tranche of USD 25 m to uplift MSMEs in Sri Lanka
The Asian Development Bank (ADB) has released the first loan tranche of USD 25 million to develop micro, small and medium enterprises (MSMEs) in the country.
A loan of USD 100 million was approved by the ADB to develop MSMEs in 2016 after which an additional loan of USD 75 million was also provided to the same effect.
Further, a USD 2 million grant was also provided by the Japan Fund for Poverty Reduction to train women entrepreneurs in the food and agriculture sector and also to raise the standards of the ICT sector to the global level.
The USD 100 million loan was disbursed within two-and-a-half years while the first tranche of the USD 75 million loan has now been disbursed.
“ADB was happy with the performance of MSME development finance program carried out in Sri Lanka in the past few years which has shown good results,” Bruno Carrasco an ADB director said.
-
Still No Comments Posted.
- April 25, 2025 - 169 - 0
Rs 30 million worth tabs and mobiles left behind at duty free shop
Customs have detected 228 mobile phones and tabs valued at over Rs 30 million left behind in the duty free shopping complex at the Banaranaike International Airport today, Customs officials said.
- April 26, 2025 - 142 - 0
Your Sunday Times highlights for this week
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
Related Articles
Over 15 May Day rallies tomorrow
- 30/04/2025 - 12 - 0
DMT Head office closed for two days in view of LG election
- 30/04/2025 - 23 - 0
Leave Comments