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Latest News Releases
14 Oct 2013
Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world’s over the next two decades, says a comprehensive new report from ADB.
2 Oct 2013
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
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 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
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'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
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
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
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
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.