Sri Lanka Brodcasting Corporation

Fri06222018

Last updateFri, 22 Jun 2018 7am

Business News

The Government had obtained ADB Financial assistance of 100 million US dollars in 2016 to finance the Small and Medium-Sized Enterprises

 

The Government of Sri Lanka had obtained ADB Financial assistance of 100 million US dollaer in 2016 to finance the Small and Medium-Sized Enterprises Line of Credit Project. The objective of the project was to strengthen the SME sector by facilitating access to finance and expanding the employment opportunities in the sector. The project is being successfully implemented and given its importance, the Government of Sri Lanka decided to obtain additional financing through a loan of USD 75 million with the intention to scale up the ongoing SME Line of Credit Project. Secretary to the Ministry of Finance and Mass Media Dr. R H S Samaratunga, on behalf of the Government of Sri Lanka and Country Director ADB – Sri Lanka Resident Mission Ms. Sri Widowati, on behalf of the ADB, signed the loan agreement at the Ministry of Finance and Mass Media last week.

Local News