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Cabinet clears US$ 100 million ADB funding for water sector reforms

Headline from Daily Mirror

From 3 outlets’ reports · latest

3 outlets: 3 private. Languages: EN 3

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AI summary

  • The funding is for water supply and sanitation reforms.
  • The programme addresses water management, efficiency, climate risks, inclusion and coordination.
  • EconomyNext reports the loan is part of a wider $620 million ADB package for economic reforms.

Sri Lanka’s Cabinet has approved a proposal to obtain a $100 million loan from the Asian Development Bank (ADB) for the second sub-programme of the country’s Water Supply and Sanitation Reform Programme. EconomyNext reported the approval on October 13, 2026, while Daily Mirror and Newswire also reported the Cabinet decision.

Minister Nalinda Jayatissa said the proposed financing would comprise $50 million in policy-based lending and $50 million from the ADB’s concessional ordinary capital resources, according to EconomyNext. The funds are intended to support reforms in the water sector.

The programme is expected to address gaps in water-resource management, operational and financial inefficiencies, vulnerability to climate risks, inadequate inclusion of different parts of society, and weak coordination among stakeholders, EconomyNext reported. It said the $100 million forms part of a broader $620 million ADB loan package for Sri Lanka’s economic reform agenda.

Based on: Daily Mirror, EconomyNext, Newswire

Written by AI from these outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. Report a mistake.

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