ADB assures more support but not debt cancellation

Free and Open Access to

Public Finance Data and Analysis

data-chart

ADB assures more support but not debt cancellation

Instead of offers on debt cancellation, the Asian Development Bank (ADB)President Masatsugu Asakawa assured that they would pro-vide more support to Sri Lanka to get out of the economic crisis.

ADB assures more support but not debt cancellation

The Island

2022-10-02

Related News and Insights

CEB reports turnaround performance in 3Q despite t...

The Ceylon Electricity Board achieved a significant turnaround in Q3 2024, driven by prior steep tariff hikes, with revenue rising 19.8% year-on-year to Rs.126.80 billion and operating profits surging by 169.8% to Rs.35...

ADB US$200 million loan to strengthen Sri Lanka’s...

The ADB approved a $200 million loan to strengthen Sri Lanka's financial sector by enhancing banking sector governance, improving asset quality, supporting MSMEs with incentives, promoting financial inclusion for women through...

President urges IMF to adopt balanced approach in...

President Anura Kumara Dissanayake stressed the need for a balanced IMF approach that addresses fiscal challenges while prioritizing social welfare, efficient resource use, and anti-corruption measures to rebuild public tru...