Sri Lanka, Nov. 10 -- The Asian Development Bank (ADB) has approved a $100 million financing package to build on Sri Lanka's progress toward macroeconomic stability and to help achieve sustainable growth following the economic crisis. This will be done by strengthening public expenditure management, improving revenue mobilization, and fostering private sector participation.

"Sri Lanka has made commendable progress in restoring fiscal and debt sustainability following an unprecedented economic crisis," said ADB Country Director for Sri Lanka Takafumi Kadono. "We will work closely with the government to restore macroeconomic stability and promote inclusive, sustainable growth by strengthening Sri Lanka's fiscal governance and build a more ...