ADB Approves Loan for Sri Lankan Wastewater Project

The 

 has approved USD100 million in loans to help Sri Lanka improve its wastewater system. Approximately USD80 million of the loan package was drawn from the bank's ordinary capital resources while the remaining USD20 million is from ADB's concessional fund. The sum will be used to improve the sewerage system in Colombo and the government's capacity to manage assets and finances, monitor operations, provide customer service, and implement regulations.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.