Thursday, November 26, 2020

ADB grants loan to Sri Lanka to help SMEs

The Asian Development Bank (ADB) and the Sri Lankan government signed a 165 million U.S. dollars loan agreement Wednesday to provide immediate financing support for small and medium-sized enterprises (SMEs) severely affected by the COVID-19 pandemic.

This loan agreement will also provide long-term financing to underserved SMEs, including businesses led by women and tea smallholders, a statement from ADB in Sri Lanka said.

The agreement was signed by the Secretary of Ministry of Finance S. R. Attygalle, and ADB Sri Lanka Resident Mission Country Director Chen Chen.ars loan agreement Wednesday to provide immediate financing support for small and medium-sized enterprises (SMEs) severely affected by the COVID-19 pandemic.

This loan agreement will also provide long-term financing to underserved SMEs, including businesses led by women and tea smallholders, a statement from ADB in Sri Lanka said.

The agreement was signed by the Secretary of Ministry of Finance S. R. Attygalle, and ADB Sri Lanka Resident Mission Country Director Chen Chen. (Xinhuanet - Read the full report here)

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