Asian Development Bank (ADB) urged the government to revisit the policy decision taken in 2016 to setup a small and medium-sized enterprises (SMEs) credit guarantee institution in order to enable access to credit for the country’s credit-constrained SMEs.

The Asian Development Bank (ADB) Deputy Country Director Utsav Kumar this week outlined five areas Sri Lanka must focus on to succeed in the US$3 billion Extended Fund Facility (EFF) extended by the IMF, adding the country has a long road to recovery.

Manila, April 4, (dpa/GNA) – Economic growth in Asia and the Pacific is expected to accelerate this year, buoyed by China’s rapid reopening and the continued easing of Covid-19 pandemic restrictions, the Asian Development Bank (ADB) said Tuesday.

Sri Lanka is expecting to obtain around US $ 1.36 billion funds from major multilateral agencies, including the International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB), this year.