US approves USD 120 million in new loans to support the crisis-hit Sri Lankan economy

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.

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