Sri Lanka, March 20 -- Sri Lanka must accelerate the adoption of sustainable financing frameworks to attract the global investors and strengthen its long-term economic resilience, the Asian Development Bank (ADB) said yesterday.
With the global investors increasingly seeking socially impactful financing mechanisms such as green and sustainability-linked bonds to strengthen resilience in their investment ventures, the ADB officials noted that Sri Lanka should focus on improving its sustainable finance ecosystem to support these ambitions.
A well-structured sustainable financing system, which is backed by internationally accepted regulations and governance frameworks, would also help the country diversify its financial risks by reducing i...
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