Sri Lanka, Oct. 27 -- The Cabinet of Ministers has approved entering into a loan agreement with the Asian Development Bank (ADB) to obtain US$100 million to implement the Macro-Recovery Sector Development Program, aimed at promoting resilience and inclusive economic opportunities in Sri Lanka.

The approval covers a loan comprising US$50 million in policy-based financing and US$50 million in investment financing, to be provided through the ADB's regular general capital resources.

The Cabinet meeting held on March 16, 2026, had approved obtaining a US$620 million policy-based loan from the ADB under five sub-programmes to advance Sri Lanka's reform agenda in line with the International Monetary Fund's Extended Fund Facility programme. Ap...