Sri Lanka Signs USD 100 Million Loan Agreement with ADB to Strengthen Health Sector

Date:

Sri Lanka has entered into a USD 100 million loan agreement with the Asian Development Bank (ADB) to enhance the country’s health sector, the Ministry of Finance announced.

The agreement was signed by Finance Ministry Secretary Harshana Suriyapperuma on behalf of Sri Lanka, and ADB Country Director Takafumi Kadono representing the Asian Development Bank.

According to the Ministry, the funds—provided through ADB’s Ordinary Capital Resources window—will support the implementation of the National Strategic Framework for Health Services Development, focusing on improving the efficiency and quality of secondary healthcare services as the first point of referral care. The initiative aims to strengthen Sri Lanka’s progress toward universal health coverage.

In addition to the loan, the package includes an externally financed grant of USD 6.9 million from the Pandemic Fund, provided under a Results-Based Lending approach. This grant component is expected to support measures that enhance the health system’s resilience and preparedness for future public health emergencies.

Share post:

spot_imgspot_img

Popular

More like this
Related

From Deficit to Dividend: How Sri Lanka’s Dairy Industry Is Transforming

From Deficit to Dividend: How Sri Lanka’s Dairy Industry Is Transforming

Audit Office Under Pressure: New Leader Faces Tough Task

Audit Office Under Pressure: New Leader Faces Tough Task

The Jeffrey Epstein Saga: What You Need to Know

The Jeffrey Epstein Saga: What You Need to Know

Sri Lanka’s Apparel Industry Eyes India Corridor to Survive Rising Asian Competition

Sri Lanka’s Apparel Industry Eyes India Corridor to Survive Rising Asian Competition