ADB mulls US$2bn more loans for Sri Lanka in 2017-19
ECONOMYNEXT – The Asian Development Bank (ADB) is preparing a new country strategy for Sri Lanka and envisages increasing lending to at least US$2 billion or more in the next three years, a senior official said.
“We are preparing a new country strategy for Sri Lanka for 2017-21,” said Wencai Zhang, Vice President (Operations 1) of the Asian Development Bank who is on a three-day visit to the island.
The bank gave Sri Lanka around $600 million in 2015 and expects lending to reach $700 million in 2016, he told a news conference.
“In the next three years – from 2017-19 –we will increase our lending to reach a total of at least $2 billion or more.”