|
|
Article: Sri Lanka : ADB to Lend Sri Lanka 50% More to Help Rebuild After Civil War.
- Article from:
- TendersInfo
- Article date:
- July 24, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Mamta03
The Asian Development Bank plans to increase its lending to Sri Lanka by 50 percent to help the South Asian island rebuild after ending its 26-year civil war. The Manila-based lender plans to raise Sri Lanka s annual allocation to $300 million in 2010 from $200 million, to fund road, power and water and sanitation projects in the island s north and east, among others, said Narhari Rao, ADB s South Asia lead economist.
Sri Lanka is in an extremely favorable situation and the overall confidence of the international community is much higher, Rao said in an interview in Colombo today. We are trying to push ahead on various fronts since we ...