• US Ambassador Julie Chung said the announcement is good news for SL’s private sector

The US on Wednesday announced USD 120 million in new loans to Sri Lanka to grow and support small and medium-sized businesses in the debt-ridden island nation.  

According to the US Embassy here, the US International Development Finance Corporation (DFC) Board of Directors has approved the loan in new investments that will reach small and medium-sized businesses and help to provide equity, jobs, and futures.  

“For seventy years, the US has provided foreign assistance, loans, and trade opportunities to help grow the Sri Lankan economy and support the people,” US Ambassador to Sri Lanka Julie Chung said in a press release.  
“Today’s announcement is good news for the private sector, as the DFC’s USD 120 million in new investments will reach small and medium-sized businesses and help to provide equity, jobs, and futures,” she said.  

Welcoming the DFC loan, Prime Minister Ranil Wickremesinghe acknowledged that Micro Small and Medium Enterprises (MSME) have been hit hardest by the economic crisis.  

“Appreciate the timely dispersal of USD 120 million loan by US International Development Finance Corporation to help small and medium businesses in Sri Lanka to overcome immediate challenges,” Wickremesinghe tweeted.     

• PM Ranil Wickremesinghe acknowledged that Micro Small and Medium Enterprises (MSME) have been hit hardest by the economic crisis