Asian Development Bank (ADB) Director-General for South Asia Department Kenichi Yokoyama has assured President Gotabaya Rajapaksa that the bank will support the promotion of Small- and Medium-Scale Enterprises (SMEs) in Sri Lanka. The ADB provided a USD 750 million concessional loan last year for projects in the country. Mr. Yokoyama said that the ADB will take steps to increase this amount to USD 1 billion next year. His remarks came during a discussion with President Rajapaksa at the Presidential Secretariat, earlier today (October 05). The President further pointed out the need to increase the forest cover through economically viable cultivations and sought the assistance of the ADB.

Source: The Nation October 05, 2021 15:22 UTC