ADB to give over 200 million dollars to Sri Lanka annually [September 17 2008]

The Asian Development Bank (ADB) announced that it will pump more than 200 million US dollars will be given to Sri Lanka yearly over the next three years.

ADB's country chief Richard Vokes said the bank is hoping to lend between 210 to 220 million US dollars a year to Sri Lanka, but also wants to bring in other donors and private partners to increase the total project value.

Sri Lanka would get more money from its concessionary Asian Development Fund (ADF), which has been recently replenished by its promoting donor nations by 11 billion dollars.