Sri Lanka and ADB
In the Spotlight
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.
The ADB Board of Directors has approved $75 million in additional financing to continue support toward the development of small and medium-sized enterprises (SMEs), considered vital for economic growth and job creation in Sri Lanka.
This book traces the history of ADB's projects in Sri Lanka over the past 50 years to strengthen its economy as it moves toward becoming 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.
Projects in Sri Lanka
- Enhancing ADB’s Support for Social Protection to Achieve the Sustainable Development Goals
- Small and Medium-Sized Enterprises Line of Credit Project-Additional Financing
- Improving Access to Finance for Micro, Small, and Medium-Sized Enterprises
- Skills Sector Enhancement Program - Additional Financing
- Consultations for a Strategy 2030-Aligned Corporate Results Framework