Srilanka, April 13 -- The Asian Development Bank (ADB) recommitted itself to support Sri Lanka's Small and Medium sector Enterprises (SMEs) which have been going through struggles to survive.
The Manila-based lender said it will continue providing working capital, lend investment loans to businesses and strengthen the enabling environment for private-public partnerships in Sri Lanka.
The multilateral development bank said it will lend US$ 808 million like last year or more this year.
However, assistance for macroeconomic stability and key sectors of the economy will be subject to reforms, a senior ADB official said.
Sri Lanka's economic recovery will continue, but it would remain fragile as debt repayment, US tariffs, and geopolitica...
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