Sri Lanka, Oct. 22 -- The Asian Development Bank (ADB) has approved $100 million in financing to support reforms and investments that will strengthen social protection, economic inclusion, and well-being and resilience among the poor and elderly in Sri Lanka. The financing comprises a $50 million policy-based loan and a $50 million project loan.

The Promoting Resilience and Opportunity for Inclusive Recovery Sector Development Program will help the Government of Sri Lanka expand livelihood and employment opportunities for low-income households, improve eldercare services, and boost the effectiveness and responsiveness of the country's social protection system.

"Sri Lanka's economic recovery must translate into meaningful improvements in...