Cabinet nod to obtain USD 200mn loan from ADB

The Cabinet of Ministers granted approval to the proposal submitted by the President in his office as the Minister of Finance, Economic Stabilization and National Policies to enter into a loan agreement with the Asian Development Bank to obtain an amount of United States dollars 200 million subject to an annual interest rate of 2% with a repaying period of 25 years inclusive of a grace period of 05 years, to implement accelerated reformations to enhance the conflict management framework and the stabilization in the finance sector.