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<blockquote data-quote="monson" data-source="post: 20386225" data-attributes="member: 30005"><p><strong><span style="font-size: 18px">ADB mulls US$2bn more loans for Sri Lanka in 2017-19</span></strong></p><p></p><p>ECONOMYNEXT – The Asian Development Bank (ADB) is preparing a new country strategy for Sri Lanka and envisages increasing lending to at least US$2 billion or more in the next three years, a senior official said.</p><p></p><p>“We are preparing a new country strategy for Sri Lanka for 2017-21,” said Wencai Zhang, Vice President (Operations 1) of the Asian Development Bank who is on a three-day visit to the island.</p><p></p><p>The bank gave Sri Lanka around $600 million in 2015 and expects lending to reach $700 million in 2016, he told a news conference.</p><p></p><p>“In the next three years – from 2017-19 –we will increase our lending to reach a total of at least $2 billion or more.”</p><p></p><p>- http://www.economynext.com/ADB_mulls_US$2bn_more_loans_for_Sri_Lanka_in_2017_19-3-5516-1.html</p></blockquote><p></p>
[QUOTE="monson, post: 20386225, member: 30005"] [B][SIZE="5"]ADB mulls US$2bn more loans for Sri Lanka in 2017-19[/SIZE][/B] ECONOMYNEXT – The Asian Development Bank (ADB) is preparing a new country strategy for Sri Lanka and envisages increasing lending to at least US$2 billion or more in the next three years, a senior official said. “We are preparing a new country strategy for Sri Lanka for 2017-21,” said Wencai Zhang, Vice President (Operations 1) of the Asian Development Bank who is on a three-day visit to the island. The bank gave Sri Lanka around $600 million in 2015 and expects lending to reach $700 million in 2016, he told a news conference. “In the next three years – from 2017-19 –we will increase our lending to reach a total of at least $2 billion or more.” - http://www.economynext.com/ADB_mulls_US$2bn_more_loans_for_Sri_Lanka_in_2017_19-3-5516-1.html [/QUOTE]
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