$800 Million Facility to Help Sri Lanka Tackle Poor Rural Road Links

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. Read More

Climate Change in South Asia: 12 Things to Know

Unless there is a concerted effort worldwide to cut greenhouse gas emissions, South Asia will suffer huge economic, social, and environmental damage from the consequences of climate change. Read More

Developing Asia Fastest Growing Region

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 More

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

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