Last Updated : 2019-07-22 00:06:00

President inks 3 loan agreements with ADB in Philippines

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


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)

  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!!

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