Sri Lanka and ADB
In the Spotlight
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.
After a series of vast transformations over the last 5 decades, Sri Lanka, in partnership with ADB, is attempting another bold transition.
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.