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More Loans from ADB : Politicians to Play & Public to Pay..

ADB doubles lending to SL: As promised by Asian Development Bank (ADB) President Takehiko Nakao during his visit to Sri Lanka last year, the bank yesterday confirmed that it has doubled its lending capacity to $ 800 million this year.

“Sri Lanka’s annual allocation was around $ 400 million per year and this year it has been increased to $ 800 million. We have just doubled the lending. This is the highest we have allocated to the country,” ADB South Asia Department Director General Hun Kim said at a media briefing held on the sidelines of the 50th ADB Annual Meeting in Yokohama, Japan.

As far as infrastructure development was concerned, he said that Sri Lanka was a good example of high-quality infrastructure in the South Asian region, saying it was time that the country scaled up to advanced infrastructure development project
More Loans from ADB : Politicians to Play & Public to Pay..SocialTwist Tell-a-Friend

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