ADB's Work in Sri Lanka
Shareholding and Voting Power
Number of shares held:
61,560 (0.579% of total shares)
100,674 (0.757% of total membership, 1.162% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
The Asian Development Bank (ADB) has been a major development partner to Sri Lanka since 1966 and is today the country’s largest source of multilateral development assistance
The coronavirus disease (COVID-19) pandemic and associated restrictions in Sri Lanka impacted most major sectors of the country’s economy. This comes in the wake of the Easter Sunday terror attacks in 2019, which also had significant effects on economic growth, especially on tourism. The path to recovery will be challenging, given uncertainties in the global economic outlook and the fiscal constraints that Sri Lanka faces.
The Udatenna to Mahiyanganaya road is an ADB supported project that has vastly eased transport on one of the most difficult to maneuver roads in Mahiyanganaya, Sri Lanka.
Since 1966, ADB has committed loans, grants, and technical assistance totaling $11.1 billion for Sri Lanka.