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Article: SRI LANKA MAY GET US$300MN FROM NEW ADB FUND: REPORT.
- Article from:
- AsiaPulse News
- Article date:
- July 24, 2009
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COLOMBO, July 24 Asia Pulse - Sri Lanka may get a US$300 million loan from a new Asian Development Bank facility to help stimulate slumping economies in the region, a media report said.
A 30-year internal conflict ended after the military wiped out Tamil Tiger separatists in May.
"Sri Lanka is in an extremely favorable situation and the overall confidence of the international community is much higher," Narhari Rao, ADB's South Asia lead economist was quoted as saying by Bloomberg newswires.
"We are trying to push ahead on various fronts since we feel its just the right time to give resources to Sri Lanka."
Bloomberg said ADB's board ...