INSUBCONTINENT EXCLUSIVE:
The Asian Development Bank (ADB) is ready to provide further financial support to Sri Lanka, a top official of the regional lender said on
Tuesday, as the Indian Ocean nation battles its worst economic crisis in more than seven decades.The remarks came after an ADB pact this
month for an emergency loan of $200 million to ensure access to food and protect livelihoods after months of shortages of key essential
very high inflation severely affecting living standards, Asakawa said
program is completed, we will consider to join another, by providing additional financial resources to join other rescue packages for Sri
outflows from Asia and the prospect of very sharp currency depreciation continuing for some time, as the U.S
central bank tightens monetary policy aggressively.However, Asia has become more resilient against financial turmoil, with an improved
current account balance and sufficient accumulation of foreign reserves, than it was during the Asian financial crisis of the late 1990s, he
This article first appeared/also appeared in https://adaderana.lk
