The Asian Infrastructure Investment Bank (AIIB) has approved USD 180 million loan for the Covid-19 emergency and crisis response facility to be disbursed through the Bank of Ceylon (USD 90 million) and People’s Bank (USD 90 million). At the meeting, Dr. Kohona thanked the AIIB for the timely assistance in extending USD 180 million for the Covid19 crisis recovery for Small and Medium Scale Enterprises (SMEs). Further, Dr. Kohona briefed Dr. Pandian on the current Covid19 situation in Sri Lanka which has received wide commendation. Dr. Kohona said that Sri Lanka is one of the top 10 countries in the world in managing Covid19 and slowly beginning to normalize the economy. Dr. Kohona encourages the private sector to consider the offer of the AIIB and if interested, to contact the AIIB directly or through the Embassy.

Source: The Nation February 27, 2021 07:52 UTC