USD 100 Million from AIIB to procure essential medicines, supplies for Sri Lanka
Posted by Editor on September 13, 2022 - 1:31 pm
(Photo: Unsplash)
The Cabinet of Ministers has green-lighted the allocation of USD 100 million through the Asian Infrastructure Investment Bank (AIIB) for the Ministry of Health to procure essential medicines and supplies.
In a statement, the Government Information Department said the AIIB has agreed to provide the said amount by allotting USD 70 million through the Colombo Urban Regeneration Project and USD 30 million through the Reduction of Landslide Vulnerability by Mitigation Measures Project.
The proposal was tabled by President Ranil Wickremesinghe in his capacity as the Minister of Finance, Economic Stabilisation and National Policies.
Latest Headlines in Sri Lanka
- Sri Lanka Parliament passes second reading of 2026 Budget November 14, 2025
- SriLankan Airlines boosts BIA with new self check in service November 14, 2025
- Rasika Peiris assumes duties as new Commissioner General of Elections November 14, 2025
- IMF reviews Sri Lanka Budget 2026 to check alignment with program parameters November 14, 2025
- Sri Lanka to install 500 new telecom towers in three years November 13, 2025
