Sri Lanka, March 25 -- The Asian Development Bank (ADB) has agreed to increase the allocation approved for Sri Lanka for this year from US$ 380 million to US$ 480 million and to promptly release US$ 200 million in view of the prevailing situation.Petroleum Corporation Updates

This was conveyed during a meeting held at the Presidential Secretariat between President Anura Kumara Dissanayake and a delegation led by Asian Development Bank, President Masato Kanda, who is currently on an official visit to Sri Lanka yesterday (24).

Extensive discussions were held on how the ADB could support Sri Lanka in achieving its future development objectives. During the meeting, the President expressed the Government's expectation of ADB support for the ...