Sri Lanka: Country Operations Business Plan (2020-2022)

It also fits within the rubric of Strategy 2030 of the Asian Development Bank (ADB) to support all seven operational priorities 2 and the Government of Sri Lanka’s broad development objectives. About 64% of the proposed program under the COBP will contribute to the first pillar of the CPS (economic diversification), and 36% to the second pillar (inclusive growth). The COBP, 2020–2022 is the third COBP under the CPS.

The COBP, 2020–2022 reflects efforts to enhance ADB’s development effectiveness in Sri Lanka by (i) focusing on long-term engagement with all executing and implementing agencies to ensure ownership, (ii) ensuring project readiness, (iii) increasing focus on innovation and value addition in ADB activities, and (iv) maintaining a degree of flexibility to respond effectively to the government’s evolving needs and priorities.