ADB supports Sri Lanka’s reform efforts to address the root causes of the economic crisis with an emphasis on protecting poor and vulnerable people.
This brief shows how an ADB-led pilot to ramp up action against trade-based money laundering (TBML) in Asia helped bolster the suspicious transaction reports (STRs) needed to crack down on criminals and drive trade transparency.
International cooperation among tax authorities has become a critical component of modern tax administration, particularly in strengthening domestic revenue mobilization and combating the illicit flow of financial transactions.
In March 2024, Sri Lanka's cabinet approved a 40% hike to the national minimum wage to support those in poverty.
Local currency bond markets play a crucial role in fostering economic stability in Asia and the Pacific, reducing foreign exchange risks, and supporting sustainable development in emerging economies.
Sri Lanka is a founding member of ADB. The bank disbursed $908 million to Sri Lanka in 2023 and committed $610 million in loans. Technical assistance commitments totaled $5.5 million for the year.
ADB will support the country’s climate action and environmental sustainability, mainstream gender equality and social inclusion, strengthen governance and institutional capacity, and promote digitalization across ADB’s operations.
23, Independence Avenue Colombo 7, Sri Lanka
Office Hours: 8:30 a.m. to 5:00 p.m. (Monday to Friday)
Established in 1997, Sri Lanka Resident Mission's (SLRM) primary responsibilities include:
SLRM will be closed on these dates:
Last updated: 10 November 2023