Sri Lanka to Give 3-Pct Cyclone Recovery Loans for Businesses

Sri Lanka to give 3-pct cyclone recovery loans for businesses

ECONOMYNEXT – Sri Lanka’s cabinet has approved allocating 5 billion rupees to give recovery loans to Cyclone hit businesses at 3 percent interest, Minister Nalinda Jayatissa said. Micro businesses will get up to 250,000, small businesses one million and up to 25 billion rupees for larger businesses. The loans will be provided by commercial banks. The loans will have a three year payback and 6 months grace period. (Colombo/Dec30/2025)

Cyclone Ditwah tests Sri Lanka’s IMF-bound Economic Recovery - LNW Lanka News Web

Sri Lanka’s economic recovery strategy following Cyclone Ditwah has exposed the fragile balance between urgent humanitarian reconstruction and the strict fiscal discipline required under the International Monetary Fund’s Extended Fund Facility (EFF). According to the Disaster Management Centre (DMC), the cyclone has claimed 638 lives, with 175 people still missing as of December 28. Nearly 500,000 people from 149,460 families remain affected nat…