ADB Eyes Cheaper Funds for Sri Lanka, Green Bond Support.

Sri Lanka is now conducting an asset quality review of banks with ADB's support, and is discussing reforms to improve governance and financial sustainability for the power sector, Chen said. ADB is trying to mobilize funds below the already concessional Ordinary Capital Resources facilities that Sri Lanka currently has access to, Chen said. (Bloomberg) -- The Asian Development Bank is considering more concessionary funding for Sri Lanka and support for green bond issues as part of its assistance to help the South Asian nation recover from its worst economic crisis in decades. [Extracted from the article]