Asia's Economic Growth Slows

New ADB report lowers region's growth rate to 6 percent on continued global uncertainties and slowing economic activity.  Read More

12 Pillars for the Transformation of Asia and the Pacific Region

Asia and the Pacific has made good progress towards the eight Millennium Development Goals (MDGs), though the region will still need to make greater efforts if it is to meet some important targets. Read More

Asia's Path to Prosperity

Industrialization must be an essential part of the growth formula if Asian countries are to prosper and avoid the 'middle income trap,' says ADB report. Read More

Sri Lanka Becoming World Class Shipping Hub

Newly expanded Colombo Port will allow Sri Lanka to regain its role as a leading South Asia trans-shipment hub. 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.

Three projects are being processed for the year 2013. These projects are in the education, water, and transport sectors.

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

Fact Sheet

Proposed Projects

27 Sep 2013 47273-002: MFF - Integrated Road Operation and Development Investment Program (Facility)
20 Sep 2013 44309-013: Trincomalee Integrated Urban Development Project
11 Sep 2013 47183-001: Ensuring Safe Drinking Water and Health Care for the Poor Communities in the North Central Province
25 Jun 2013 47037-003: MFF-Green Power Development and Energy Efficiency Improvement Investment Program (Facility Concept)
29 May 2013 47182-001: Southern Road Connectivity Project
View all proposed

Approved Projects

30 Sep 2013 45148-007: Greater Colombo Water and Wastewater Management Improvement Investment Program - Tranche 2
20 Sep 2013 44309-012: Trincomalee Integrated Urban Development Project
27 Jun 2013 39293-037: Education Sector Development Program
25 Jun 2013 47037-002: Green Power Development and Energy Efficiency Improvement Investment Program
6 Feb 2013 46924-014: SRI: SENIOR UNSECURED LOAN TO NATIONS TRUST BANK - SMALL AND MEDIUM-SIZED ENTERPRISES FINANCE PROJECT
View all approved

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

Publications

Oct 2013 Asian Development Outlook 2013 Update: Governance and Public Service Delivery

Sep 2013 Deepening Economic Cooperation between India and Sri Lanka

Sep 2013 Framework of Inclusive Growth Indicators 2013: Key Indicators for Asia and the Pacific

View all publications

News Releases

2 Oct 2013 Asia Must Step Up Governance Reforms to Sustain Growth and Development
2 Oct 2013 Developing Asia Slowing Amid Global Financial Jitters
30 Sep 2013 ADB Continues Assistance to Improve Water and Wastewater Management in Colombo
23 Sep 2013 $75 Million ADB Loan for Better Road Connections to Southern Expressway
21 Aug 2013 ADB, Government Sign $200 Million Loan to Help Schools Build Skills for Jobs

View all news releases

Development Effectiveness

January 2012
Sri Lanka: A Partnership for Prosperity

Newsletter

May 2013

View all

ADB IN ACTION