Sri Lanka, Nov. 4 -- The Cabinet of Ministers has granted approval to obtain a loan of USD 100 million from the Asian Development Bank (ADB) to implement the Sustainable Tourism Sector Development Programme (STSDP).

The Cabinet approval was granted previously to implement the Sustainable Tourism Sector Development Programme and to conduct loan negotiation discussions with the Asian Development Bank.

Accordingly, negotiation discussions have been conducted to obtain a total of US$ 100 million, US$ 70 million from concessionary general capital resources and US$ 30 million from permanent general capital resources respectively.

Clearance has also been granted by the Central Bank of Sri Lanka and the Attorney General's Department to obtain ...