ADB APPROVES US$100 MLN LOAN TO SUPPORT SRI LANKAN SMES

MANILA, March 18 (Bernama-Xinhua) — The Asian Development Bank (ADB) on Monday said it has approved a US$100-million loan for small and medium-sized enterprises (SMEs) in Sri Lanka to have more access to finance and build their resilience to external shocks, such as economic crisis and climate change, reported Xinhua.

According to the ADB, Sri Lanka’s SMEs provide 45 per cent of…