Swedfund Injects US$ 15 Mn into LB Finance to Boost Sri Lankan MSMEs & Green Transport 📈

Swedfund, the Swedish development finance institution, has invested US$ 15 million in LB Finance PLC to expand credit access for micro, small, and medium-sized enterprises (MSMEs) and promote sustainable transport in Sri Lanka. • Overall Funding: A US$ 15 million long-term investment aimed at easing current domestic financing constraints and driving private sector development. • Target Demographics: Financing will heavily target rural businesses and women-led enterprises outside the Colombo district, bridging the credit gap for overlooked traditional markets. • Green Initiative: A dedicated portion of the funds will finance hybrid and electric vehicles for MSMEs to reduce emissions and support sustainable transport solutions. • Economic Impact: MSMEs drive a massive share of national employment; this capital injection aims to spur job creation and business growth. Swedfund will also help strengthen environmental, social, and climate risk management systems.