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Wednesday December 1st, 2021
International news

Sri Lanka imports Coronavirus vaccines worth US$150mn from ADB credit

ECONOMYNEXT – Manila-based Asian Development Bank has provided Sri Lanka 150 million US dollars to import vaccines as part of pandemic support and the lender is also due to hold its annual meeting in the country from 2 to 5 May 2022.

ADB Director General for South Asia Kenichi Yokoyama met President Gotabaya Rajapaksa in Colombo this week

“Sri Lanka has made remarkable progress on expanding vaccination and this will reduce negative impacts of the pandemic and support a faster return to more normal economic activity,” Yokoyama said.

Sri Lanka has also imported other medical equipment and PPE using the facility.

Director-General Yokoyama has met Prime Minister Mahinda Rajapaksa and several state heads as a part of his 10-day visit.

The delegates had also participated in a virtual ceremony for the Jaffna Sea Water Desalination Plant.

This projects is set to provide drinking water to 300,000 people living on the Jaffna peninsula and nearby islands.

ADB loaned 210 million dollars for the project.

Further, Yokoyama is scheduled to visit several other ADB-funded projects in the country.

Some of the major ABD-funded projects in the country are – Wind Power Generation Project in Mannar, the country’s first large-scale renewable energy plant.

The Port Access Elevated Highway Project provides a direct link to the port of Colombo from the expressway network.

And Mahaweli Water Security Investment Program, which aims to improve access to water resources for agricultural and non-agricultural purposes in the North Central, Central, North Western and Eastern Provinces.

He will also visit the ADB supported molecular polymerase chain reaction laboratory at the Colombo East Base Hospital established in 2020.
(Colombo/Oct06/2021)

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