Srilanka, Feb. 14 -- Manila-based lender, the Asian Development Bank (ADB), has earmarked an indicative envelope of US$900 million for Sri Lanka's development in 2025.

Subject to government approval, the island nation is set to receive assistance for macroeconomic stability, power, agriculture, finance, tourism, and skills development. The funding will be rolled out via policy-based loans, results-based lending, investment projects, and technical assistance projects, top representatives of the aid agency in Sri Lanka shared yesterday.

ADB Country Operations Head Cholpon Mambetova shared that discussions are currently underway with the Sri Lankan government on the specific type of support required.

In the Country Programming Mission sc...