Sri Lanka and ADB
In the Spotlight
Mobile remittance solutions have the potential to increase formal remittances in South Asia and address the needs of the unbanked.
A case study from an infrastructure project in Sri Lanka shows how best practices in involuntary resettlement were successfully merged with local legal systems.
The country operations business plan (COBP), 2017-2019, for Sri Lanka is an enhanced plan to extend the interim country partnership strategy until a new CPS is approved in 2017. It identifies key areas of assistance in six sectors: agriculture and natural resources, education, energy, finance, transport, and urban infrastructure and services.
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.
Projects in Sri Lanka
Average annual population growth rate in Sri Lanka (2010-2015)
Population in Sri Lanka, in millions (2015)
Maternal mortality ratio in Sri Lanka, per 100,000 live births (2015)
Population living below the national poverty line in Sri Lanka (2013)