INSUBCONTINENT EXCLUSIVE:
The Embassy of the United States of America announced today that the U.S
International Development Finance Corporation (DFC) Board of Directors has approved USD 120 million in new loans to grow and support the Sri
to micro-, small-, and medium-sized enterprises (MSMEs) and address the credit gap for women-owned businesses, which represent 25% of MSMEs
in Sri Lanka.In addition, DFC announced a USD 15 million loan to BPPL Holdings PLC, a polyester yarn manufacturer incorporating recycled
private sector to finance solutions to critical challenges, investing across sectors including energy, health care, critical infrastructure,
investments adhere to high standards and respect the environment, human rights, and worker rights.These announcements may be subject to
congressional notification in Washington and other administrative approvals
The U.S embassy said more information will be made available when funds are ready for disbursement.
This article first appeared/also appeared in https://adaderana.lk
