Cabinet approves $100 million ADB loan for economic recovery programme

Daily Mirror, Newswire and Ada Derana report that Sri Lanka’s Cabinet approved proceeding with a US$100 million financing arrangement with the Asian Development Bank. Daily Mirror says the programme aims to strengthen economic resilience and expand inclusive opportunities in Sri Lanka.

Newswire reports that President Anura Kumara Dissanayake, serving as Minister of Finance, Planning and Economic Development, put forward the proposal approved by Cabinet. According to Newswire, the ADB’s Ordinary Capital Resources will provide US$50 million as policy-based financing and US$50 million for investment.

Newswire says the Department of External Resources concluded formal negotiations with the ADB. Newswire reports that the funds will support a programme focused on macroeconomic recovery, resilience and inclusive economic opportunities, and that it is intended to complement Sri Lanka’s reforms under the International Monetary Fund’s Extended Fund Facility.

Newswire reports that the decision follows Cabinet approval on September 7, 2026, to allocate US$100 million to the recovery programme. It also says that on March 16, 2026, Cabinet approved seeking US$620 million in ADB policy-based loans across five subprogrammes to advance the country’s economic reform agenda.