Sri Lanka, Oct. 23 -- The Asian Development Bank approved $100 million in financing to support reforms and investments aimed at strengthening social protection, economic inclusion, and resilience among Sri Lanka's poor and elderly populations.

The package consists of a $50 million policy-based loan alongside a $50 million project loan.

The Promoting Resilience and Opportunity for Inclusive Recovery Sector Development Programme will assist the Sri Lankan government in expanding livelihood and employment options for low-income households, enhancing eldercare services, and boosting the responsiveness of the national social protection system, the Asian Development Bank stated.

Economic recovery in Sri Lanka must translate into genuine impr...