Sri Lanka secures approval for 200 million USD loan to advance financial sector reforms

COLOMBO, Sept. 10 (Xinhua) -- Sri Lanka's Cabinet of Ministers has approved a proposal to secure a 200 million U.S. dollar loan from the Asian Development Bank as part of a financial sector stabilization and reform program, according to a press statement from the Information Department on Tuesday.

The statement noted that in September 2023, the Cabinet had agreed to obtain a total loan of 400 million U.S. dollar