Asian Development Bank and Sri Lanka: Fact Sheet

Date: April 2014
Type: Brochures and Flyers
Country:
Subject:
Series: Fact Sheets

Description

Updated yearly, this ADB Country Fact Sheet provides social and economic indicators on Sri Lanka as well as concise information on ADB's operations in the country and contact information.

ADB has worked closely with the Government of Sri Lanka since it joined ADB as a founding member in 1966. As of 31 December 2013, ADB has approved a total of 176 loans (both sovereign and nonsovereign), with cumulative lending of $6.17 billion to Sri Lanka. In addition, ADB has provided $358 million in grant assistance (including ADB-administered, cofinanced grants) for projects, and $122.8 million in 259 technical assistance grants.

Sri Lanka’s social indicators are among the best in South Asia. The country has achieved near universal literacy, and has a comparatively low poverty level. Economic growth has been steady since the military conflict ended, but slowed in 2012. Growth had, however, picked up strongly again by the third quarter of 2013.