Sri Lanka and ADB
In the Spotlight
ADB has approved an $800 million loan facility to fund rural and national road upgrades in six provinces in Sri Lanka that will significantly improve access of remote communities to markets, services, and jobs.
Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies move ahead with structural reforms, says a new ADB report. Read about the economic outlook for Sri Lanka.
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. Download the statistical tables for Sri Lanka.
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.
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.