Sri Lanka, ADB sign two million USD grant for relief efforts

Image
ANI Colombo
Last Updated : Jun 14 2016 | 6:22 PM IST

The Sri Lankan Government and the Asian Development Bank (ADB) signed a two million US dollars grant agreement to finance the relief efforts in the country following the recent floods and landslides, which caused mass destruction.

"Considering the scope of the damage in Sri Lanka and the government's constrained resources, it is critical that we assist the people of Sri Lanka in this time of urgent need," Colombo Page quoted Sri Widowati, Country Director of the Sri Lanka Resident Mission, as saying.

The two million US dollars is being provided to the government as a grant under the ADB's Asia Pacific Disaster Response Fund to purchase emergency relief materials and supplies and help restore community services, the ADB said in a statement.

Tropical storm Roanu struck Sri Lanka on May 15, causing severe flooding and numerous landslides, affecting 25 districts.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 14 2016 | 5:38 PM IST

Next Story