SMEs to get US$ 165M COVID-19 support loan from ADB
The Asian Development Bank (ADB) has approved a US$165 million loan to Sri Lanka.
This loan aims to provide immediate financing support for small and medium-enterprises (SMEs) affected by COVID-19.
This includes long-term financing to underserved SMEs, including businesses led by women and tea smallholders.
ADB said that COVID-19 has badly hit Sri Lanka’s economy due to the decline in demand and supply chain disruption in export-oriented industries.