SriLanka, Nov. 17 -- The Government of Sri Lanka has held discussions with the Asian Development Bank (ADB) to mobilise USD 300 million through a series of Policy-Based Loans (PBLs) and an investment loan.

The total package comprises three loans of USD 100 million each, supporting financial sector reforms, macroeconomic stability, and sustainable tourism development.

Under the Financial Sector Stability and Reforms Program (Subprogram 3), Sri Lanka will receive USD 100 million from ADB's Concessional Ordinary Capital Resources. The disbursement follows the completion of 11 policy actions aimed at strengthening banking sector stability and governance, improving asset quality, and deepening sustainable and inclusive finance.

The program...