MANILA: The Asian Development Bank (ADB) said Monday it has approved a 100-million-U.S.-dollar financing package to help Sri Lanka strengthen macroeconomic stability and achieve sustainable growth.

The ADB said the program will focus on improving public expenditure management, boosting revenue mobilization, and promoting private sector participation.

This program “aims to improve the credibility and execution of public expenditure, enhance domestic revenue mobilization, and foster a more predictable and transparent investment climate,” said ADB Country Director for Sri Lanka Takafumi Kadono.

“We will work closely with the government to restore macroeconomic stability, promote inclusive, sustainable growth by strengthening Sri Lanka’s fiscal governance, and build a more efficient, accountable, and resilient public sector,” said the director.