Asian Development Bank responds positively to assist Sri Lanka’s private sector tourism industry
President of the Asian Development Bank (ADB) Takehiko Nakao has reportedly responded positively to a request made by Sri Lanka’s Finance Minister Mangala Samaraweera for the ADB to assist the country’s private sector tourism industry.
Samaraweera had held discussions with the ADB President on the side-lines of the ADB’s 52nd annual meeting held in Fiji.
The Minister during the discussion with the ADB President had focused on assistance to rebuild Sri Lanka’s tourism industry following the recent terror attacks carried out by a group of Islamist terrorists in the country.
During the meeting, the ADB President had expressed his condolences to the people of Sri Lanka and reaffirmed continued support to the island nation.
The ADB President had responded positively to the urgent request to assist the private sector tourism industry, the Finance Minister has said.
According to Samaraweera, discussions will commence with the ADB to assist the private sector tourism industry by offering soft funding assistance to rebuild, based on sustainable tourism principles.
OSL take:
The positive response by the ADB towards assisting the private sector engaged in the tourism industry would definitely expand the business/investment opportunities in Sri Lanka’s tourism sector.
| Article Code : | VBS/AT/07052019/Z_2 |