President inks 3 loan agreements with ADB in Philippines

17 January 2019 02:07 pm - 8 - {{hitsCtrl.values.hits}}

A A A

Sri Lanka's President Maithripala Sirisena signed three loan agreements with Asian Development Bank (ADB) president Takehiko Nakao on Thursday in the course of his 5-day state visit to the Philippines.

A total of $455 million worth of loan agreements focusing on the improvement of higher education, transport infrastructure, and technical assistance for urban projects in Sri Lanka were signed as Sirisena visited the development bank's headquarters in Mandaluyong City.

"Sri Lanka highly values the assistance provided by ADB to various development plans of our country," Sirisena said.

"The economic cooperation extended by ADB is of extreme benefit to the countries grappling with development issues," he added.

The three loan agreements were part of the $815 million total commitment of ADB to Sri Lanka for the year.(GMA News Online)

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 8

RP Thursday, 17 January 2019 02:22 PM

Our Prez returns home with a money bag.Who will be the beneficiaries

Loons Thursday, 17 January 2019 07:53 PM

So, he is also taking loans. Must be to attract the SLPP.

Goodchild Thursday, 17 January 2019 04:44 PM

Dear President, All you need to do now is giving up bad political ambitions and cohabit with the present government to do much better service to the people. Then you can retire peacefully and have a best note of farewell.

Dayan Thursday, 17 January 2019 06:57 PM

Is it a matter to be proud of? Obtaining loans.

Teacher Friday, 18 January 2019 09:40 AM

Sri Lanka is witnessing the most innovative president, who doesn't understand his role, and even acted against law. Now he is executive president who functions in isolation of cabinet. Srisena will be remembered by many, it will be difficult for others to match him.

parakum Friday, 18 January 2019 10:35 AM

I see the STAGE ARSONIST in his delegation to Manila, No govt ministers included in his delegation.

Jude Friday, 18 January 2019 01:47 PM

Loans loans MORE loans!! Huh!!

Jude Friday, 18 January 2019 01:50 PM

Even my Dog could've obtain a loan from ADB !! YEAH!!

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

President inks 3 loan agreements with ADB in Philippines

Comments - 8

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

New Visa procedure implemented

Racing event tragedy leaves seven dead including eight-year-old child

Ranil Wickremesinghe caravan moves on despite barking dogs

Street food vendor arrested for verbally harassing foreigner

Two racing drivers arrested over Fox Hill tragedy

Former MP Palitha Thewarapperuma dies from electrocution

MIRROR CRICKET

Athapaththu back atop ICC Women’s ODI Batting Rankings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings

TODAY'S HEADLINES

SL took minimal steps to punish officials who committed human rights abuses: US report

Iranian President’s visit Sri Lanka withstands western pressure

25 tons of solid waste disposed along Sri Pada route

Temperature rises to ‘Caution’ level

Sri Lanka secures third spot in South Asian Kurash Championship 2024

Athapaththu back atop ICC Women’s ODI Batting Rankings

Army forms committee to probe Diyatalawa Fox Hill Supercross accident

Indian cricket manager indicted for Legend Cricket League match-fixing allegations