A Broader View of Asian Poverty

Food insecurity and economic vulnerability should be included in a broader definition of poverty that could help policymakers develop more effective approaches, says new ADB report. Read More

Climate Change Threatens South Asian Growth Prospects

Droughts, floods and extreme weather events could cost South Asian nations up to 9% of their economy every year by the end of this century, says ADB report. Read More

Sri Lanka’s Coasts, Agriculture under Threat from Climate Change

Widespread degradation of Sri Lanka’s coastal and agricultural resources due to climate change could cost the economy more than 6% of GDP by the end of this century, says an ADB report. Read More

Stable Growth Outlook for Developing Asia

Developing Asia’s outlook remains on track despite slower-than-expected first-quarter growth in the United States. Read More

Overview

Sri Lanka’s social indicators are among the best in South Asia. The country has achieved near universal literacy, and has a comparatively low poverty level. Economic growth has been steady since the military conflict ended, but slowed in 2012. Growth had, however, picked up strongly again by the third quarter of 2013.

ADB assistance to Sri Lanka supports energy, roads, water supply and sanitation, education and skills development, and post-conflict reconstruction of the north and east. ADB is also involved in water resource management.

Fast Facts

20.48 (2013)
Population in millions

0.3% (2008-2013)
Average annual population growth rate

6.5% (2012)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
991.35 / 15.54
Agriculture (46)
 
566.90 / 8.89
Education (14)
 
811.95 / 12.73
Energy (18)
 
524.40 / 8.22
Finance (23)
 
38.40 / 0.60
Health (3)
 
243.15 / 3.81
Industry and Trade (11)
 
464.47 / 7.28
Multisector (10)
 
233.00 / 3.65
Public Sector (7)
 
1,531.20 / 24.00
Transport and ICT (27)
 
973.89 / 15.27
Water Supply (23)
 
6,378.72 / 100.00
TOTAL (182)
Cumulative as of 31 December 2013