Developing Asia To Extend Steady Growth in 2014

Higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the PRC, says new ADB report. Read More

Sri Lanka's Economy to Grow Rapidly in 2014, 2015

An improved external environment, higher investments, and a recovery in domestic consumption will sustain a rapid pace of GDP growth in Sri Lanka in the next 2 years, according to Asian Development Outlook 2014, the flagship annual economic publication from ADB. Read More

Middle-income Trap Holds Back Asia's Potential New Tiger Economies

Moving from a low-cost to a high-value economy requires innovative companies, an improved education system, and government incentives. Read More

Ending Violence against Women in Asia and the Pacific

Violence against women not only affects their mental and physical well-being, but it also carries staggering social and economic costs. Read More

Overview

Sri Lanka needs to reorient its planning and policy framework to suit the requirements of a middle-income country, drawing on the experiences of other Asian countries and international best practices.

ADB's country partnership strategy (CPS), 2012-2016, for Sri Lanka,  focuses on three pillars: inclusive and sustainable economic growth, catalyzing private investment and enhancing the effectiveness of public investment, and human resource and knowledge development. ADB's interventions during the CPS period will be strategically focused on transport, energy, education, skills development, and water supply.

Fast Facts

20.27 (2012)
Population in millions

0.7% (2010-2012)
Annual population growth rate

8.9% (2010)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
991.35 / 17.12
Agriculture (46)
 
351.90 / 6.08
Education (11)
 
807.75 / 13.95
Energy (17)
 
509.40 / 8.80
Finance (22)
 
35.40 / 0.61
Health (2)
 
243.15 / 4.20
Industry and Trade (11)
 
233.00 / 4.02
Public Sector (7)
 
1,456.20 / 25.14
Transport and ICT (25)
 
862.67 / 14.90
Water Supply (20)
 
300.47 / 5.19
Multisector (8)
 
5,791.30 / 100.00
TOTAL (169)
Cumulative as of 31 December 2012