ADB to commit $ 800 mn annually to SL | Daily News

ADB to commit $ 800 mn annually to SL

Takehiko Nakao
Takehiko Nakao

The Asian Development Bank (ADB) plans to commit an average of $800 million annually in sovereign loans to Sri Lanka during 2019 –2022. Over the period, the bank’s operations will focus on strengthening drivers of growth by diversifying Sri Lanka’s economy and enhancing productivity, and improving the quality of growth by promoting inclusiveness

ADB, as a leading multilateral development partner of Sri Lanka, continues its focus on building high-quality infrastructure in the transport, energy, and urban sectors, and also contributes to the government’s key development goals of economic diversification, job creation, income enhancement, and rural economic development. Since 1966, ADB has been a strong partner in the development of Sri Lanka, signing loans, grants, and technical assistance totaling $9.7 billion, and making ADB the country’s largest source of multilateral development assistance.


 

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