Sri Lanka and ADB
In the Spotlight
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Sri Lanka's President Maithripala Sirisena Visits ADB, Discusses Development Challenges
Sri Lanka’s President Mr. Maithripala Sirisena made his first visit to ADB headquarters while conducting a state visit to the Philippines and met with ADB President Mr. Takehiko Nakao.
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Rapid Economic Development through Specific Cooperation Projects in Infrastructure and Transportation
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was established to promote free trade within the region, increase cross-border investment and tourism, and promote technical cooperation. Its seven-country membership comprises Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
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ADB $100 Million Additional Funding to Enhance Skills for Jobs
ADB's Board of Directors has approved a $100 million loan as additional financing for Sri Lanka’s efforts to develop skills to meet labor demands, support economic diversification, and enhance productivity.
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Sri Lanka: Building on Success
This country brief highlights that ADB continues to support Sri Lanka in new areas such as private sector development, knowledge solutions, and development of advanced infrastructure as the country transforms into an upper-middle-income country.
Sri Lanka is entering a new stage of development and, within a few years, will be ready to reach upper-middle-income status. The country’s new government - which was formed following the presidential and general elections in January 2015 and August 2015, respectively - is focused on inclusive growth, good governance, and private sector development.
ADB is aligning its operations in Sri Lanka with the evolving needs of the country and the priorities of the new government.
Sri Lanka is a member of the South Asia Subregional Economic Cooperation (SASEC) program.
Latest
This country diagnostic assessment seeks to strengthen financial preparedness for disasters in Sri Lanka, focusing on insurance and other risk transfer instruments.
The Enabling Environment for Disaster Risk Financing in Sri Lanka: Country Diagnostics Assessment
This paper examines how employment responded to consumption, trade, and technological advances in developing Asia during the period 2005–2015.
The Employment Effects of Technological Innovation, Consumption, and Participation in Global Value Chains: Evidence from Developing Asia
ADB Joins Partnership to Promote Women in South Asia Energy Industry
ADB is partnering in a new professional network launched today in Kathmandu to promote more female practitioners in South Asia’s energy and power sector.
Projects in Sri Lanka
Approved/Active
- Strengthening the Regional Development Bank Project
- Developing Anti-Money Laundering and Combating the Financing of Terrorism Approaches, Methodologies, and Controls (Subproject B)
- Sustaining Climate and Disaster Risk Resilient and Low Carbon Development in South Asia
- Integrated Water Productivity Improvement Project
- Asian Development Outlook 2019–2021
