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Sri Lanka inks US$100mn power policy loan agreement with ADB
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Sri Lanka inks US$100mn power policy loan agreement with ADB
ECONOMYNEXT – Sri Lanka has signed an agreement to borrow 100 million US dollars from the Asian Development Bank after several policy actions on power sector reforms were completed, the Finance Ministry said. “This policy-based lending program will support the establishment of independent and financially sustainable electricity utilities,” the Finance Ministry said in a statement. “It will also support the streamlined and accelerated development…
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