$50m, ADB loan for fisheries, tea sector

  • 08/11/2002

  • Asian Age (New Delhi)

Sri Lanka signed deals on Friday for two soft loans worth $50 million from the Asian Development Bank to develop the tea and fisheries sectors as the island struggles to get its economy on track after 19 years of conflict. The bank will provide $20 million to develop inland fisheries and another $30 million to boost the productivity of the tea sector and improve living conditions for plantation workers.