COLOMBO: Sri Lanka's cabinet approved a $200 million loan from the Asian Development Bank (ADB), the Media Ministry said in a statement on Tuesday, as the country focuses on rebuilding its crisis-hit economy.

The funds will be obtained in a five-year loan to help the island navigate its way out of its worst financial crisis in more than seven decades. (Reporting by Uditha Jayasinghe; Editing by Tom Hogue)