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ADB President to Visit Sri Lanka, Offer Support for Post-War Development

News Release | 25 May 2010

MANILA, PHILIPPINES - Asian Development Bank (ADB) President Haruhiko Kuroda will visit Sri Lanka on 26-28 May 2010, where he will pledge ADB's continuing support for the Government's post-war reconstruction and development programs.

During the visit - his first as ADB President to Sri Lanka - Mr. Kuroda is scheduled to meet top government officials and discuss ADB's ongoing assistance for the country's efforts to rebuild basic infrastructure, especially in the war-affected Northern and Eastern provinces. Sri Lanka's decades-old civil conflict ended one year ago in May 2009.

Issues of macroeconomic management as well as policies to promote rapid growth and inclusive development will feature in Mr. Kuroda's discussions with top government leaders.

ADB supports various projects involving rehabilitation of water and sanitation, roads, power, schools and hospitals in the Northern and Eastern provinces. Mr. Kuroda is scheduled to make field trips and meet beneficiaries of these projects.

He will also visit two flagship projects in Sri Lanka supported by ADB, the Colombo Port Expansion Project and the Southern Transport Development Project, the country's first expressway.

Earlier this year, ADB approved a $150 million emergency assistance loan for Sri Lanka for the reconstruction of urgently-needed infrastructure and to restore essential services for people in the war-affected regions. As of 30 April 2010, ADB has approved loans totaling $212 million to the country for this year.