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2 Oct 2013

Asia Must Step Up Governance Reforms to Sustain Growth and Development

Asia and the Pacific's economic gains must be matched by stepped-up efforts on governance so that growth benefits can be more evenly shared and development progress locked in, says a new ADB report.
2 Oct 2013

Developing Asia Slowing Amid Global Financial Jitters

Softer than expected economic activity in the People’s Republic of China and India and jitters over the United States quantitative easing program will weigh on Asia and the Pacific’s growth prospects in the near term, says a new ADB report.
30 Sep 2013

ADB Continues Assistance to Improve Water and Wastewater Management in Colombo

ADB has approved a $88 million loan to the Sri Lankan government for phase two of the Greater Colombo Water and Wastewater Management Improvement Investment Program.
23 Sep 2013

$75 Million ADB Loan for Better Road Connections to Southern Expressway

ADB's Board of Directors has approved a $75 million loan to the Sri Lankan government for its Southern Road Connectivity Project which will enable a smoother flow of people and freight between the Southern region and the commercial capital of Colombo.
21 Aug 2013

ADB, Government Sign $200 Million Loan to Help Schools Build Skills for Jobs

ADB's Sri Lanka Country Director, Rita O'Sullivan, and Secretary to the Treasury and Alternate Governor for Sri Lanka in ADB, P. B. Jayasundera, have signed an agreement for a $200 million loan to help the Government of Sri Lanka revamp its secondary school system to cut youth unemployment and meet the country's urgent need for a skilled workforce.
21 Aug 2013

Asia Cannot Bypass Manufacturing on Path to Prosperity - ADB Report

Industrialization must be an essential part of the growth formula if Asian countries want to prosper and avoid the middle income trap, says a new ADB report.
5 Aug 2013

Newly Expanded Colombo Port To Make Sri Lanka Into Competitive Shipping Hub

The newly expanded Colombo Port formally opened for business today, a move that will allow Sri Lanka to regain its role as a leading South Asia trans-shipment hub.
26 Jul 2013

ADB to Help Underserved Sri Lankan Small Businesses Access Finance through Nations Trust Bank

Small and medium-sized enterprises located in Sri Lanka’s post-conflict and tsunami-hit areas, where unemployment is high, will soon have better access to finance to start or expand businesses, after ADB signed a $15 million loan with Nations Trust Bank.
16 Jul 2013

Challenge for Asia to Maintain Growth Momentum - ADB Report

Continued tepid demand from the major industrial economies coupled with slower growth in the People’s Republic of China are weighing on the outlook for developing Asia, says a new ADB report.
28 Jun 2013

ADB Loan to Help Sri Lanka Upgrade Secondary Schools to Meet Labor Needs

ADB has approved $200 million in loans to help the Government of Sri Lanka revamp its secondary school system to cut youth unemployment and meet  the country’s urgent need for a skilled workforce. 

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