ADB mobilizes $40M emergency trade finance support for Sri Lanka following Cyclone Ditwah

The Asian Development Bank (ADB) has launched a $40 million emergency assistance facility under its Trade and Supply Chain Finance Program (TSCFP) to support Sri Lanka’s recovery from the devastation of Cyclone Ditwah.

The facility will help finance essential imports, including food, medicines, and critical relief supplies, as the country rebuilds damaged infrastructure and livelihoods.

This new facility is in addition to the $200 million in existing ADB TSCFP capacity for Sri Lanka. To rapidly scale up support, the program mobilized its longstanding risk partners, Munich Re and Swiss Re, to provide the additional backing required. The financing will be channeled through ADB TSCFP’s network of six partner banks in Sri Lanka, ensuring swift delivery to meet urgent needs.

“Cyclone Ditwah has severely disrupted access to vital goods, compounding existing challenges,” said ADB Country Director for Sri Lanka Takafumi Kadono. “By partnering with Munich Re, Swiss Re, and our local banks, we are ensuring that critical supply chains for essentials remain operational. This support is crucial for immediate relief, longer-term recovery, and rehabilitation.”

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