Sri-Lanka: News Releases
Read news releases related to Sri Lanka.
Latest News Releases
Developing Asia Growth Outlook Steady As Industrial Economies Firm
An improving growth outlook in Japan and the United States paired with stronger-than-expected performance in the People’s Republic of China support a steady growth outlook for developing Asia, says a new ADB report.
Power Swaps Can Help Asia-Pacific Manage Daunting Future Energy Needs - Report
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.
Developing Asia Slowing Amid Global Financial Jitters
Softer than expected economic activity in the People’s Republic of China (PRC) and India and jitters over the United States (US) quantitative easing (QE) program will weigh on Asia and the Pacific’s growth prospects in the near term, says a new Asian Development Bank (ADB) report.
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.
ADB Continues Assistance to Improve Water and Wastewater Management in Colombo
The Asian Development Bank (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.
$75 Million ADB Loan for Better Road Connections to Southern Expressway
The ADB's Board of Directors has approved a $75m 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.
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.
ADB, Government Sign $200 Million Loan to Help Schools Build Skills for Jobs
The Asian Development Bank’s (ADB) 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.
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.
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.