News Releases

Latest News Releases

PHOTO RELEASE: ADB President Meets with Sri Lanka President in Colombo

PHOTO RELEASE: ADB President Meets with Sri Lanka President in Colombo

ADB President Commends Strong Growth Prospects during 3-Day Visit to Sri Lanka

ADB President Takehiko Nakao today met with Sri Lanka’s President Mahinda Rajapaksa, as well as several ministers and senior officials, to discuss global, regional and bilateral issues, including challenges and opportunities for the Sri Lankan economy over the short to medium term.

AFD Adds $101 Million Cofinancing To ADB Colombo Water Services Program

A $400 million ADB project to improve water and wastewater management services in greater Colombo will be expanded through cofinancing of $101 million from Agence Francaise de Developpement. 

ADB Approved $21.02 Billion in Financing Operations in 2013

ADB approved $21.02 billion in financing operations last year, according to ADB’s 2013 Annual Report, released ahead of its 47th Annual Meeting of the Board of Governors to be held 2–5 May in Astana, Kazakhstan.

ADB Sees Steady Growth for Developing Asia

Developing Asia will extend its steady economic growth in 2014 as higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the People’s Republic of China (PRC), says a new ADB report.

Developing Asia Should Use Public Spending to Narrow Inequality

Widening income gaps are undermining decades of successful poverty reduction in developing Asia, meaning governments should proactively use fiscal policy to close gaps and promote more inclusive growth, says a new ADB report.

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 two years, according to Asian Development Outlook 2014, the flagship annual economic publication from ADB.

ADB Approves $100 Million Loan for Technical and Vocational Training

ADB's Board of Directors has approved a $100 million loan to help the government of Sri Lanka revamp its technical and vocational education and training which will equip youth with the required skills for the job market.

ADB, Gates Foundation Launch Initiatives to Spur Sanitation Innovation

ADB and the Bill & Melinda Gates Foundation are bringing together the governments of Bangladesh, India, Nepal, and Sri Lanka to create a South Asia Urban Knowledge Hub to help improve urban services, such as sanitation, in the region.

ADB Vice President Visits Sri Lanka

ADB Vice President Wencai Zhang today ended a two-day visit to Sri Lanka during which he met with government officials and visited ADB-funded flagship projects including Colombo Port, the Southern Expressway, and a school in Galle district.