Sri Lanka, Nov. 11 -- The Cabinet of Ministers has approved the signing of financing agreements with the Asian Development Bank (ADB) to obtain $200 million for a sector development programme aimed at improving access to finance for micro, small and medium-sized enterprises (MSMEs) in Sri Lanka.

The funding package consists of a $100 million policy-based loan from the ADB's ordinary capital resources and an additional $100 million financial intermediation loan.

Speaking at the weekly post-Cabinet meeting media briefing yesterday, Cabinet Spokesman and Minister Dr. Nalinda Jayatissa said the latest approval follows a Cabinet decision made on March 16, 2026, to initiate loan negotiations with the ADB for a broader $620 million policy-base...