From left: Sri Widowati, ADB Country Director of the Sri Lanka Resident Mission and R.H.S. Samarathunga, Secretary to the Treasury, Ministry of …
May 202018
May 192018
May 19, Colombo: The Sri Lankan government has received a USD 453 million loan from the Asian Development Bank (ADB) to implement Mahaweli …
May 182018
May 18, 2018 (LBO) – The Asian Development Bank (ADB) and the Government of Sri Lanka signed a US 210 million dollar second tranche loan …
May 062018
Statement made by Mangala Samaraweera, Minister of Finance and Media of Sri Lanka at the Plenary Session of the Asian Development Bank’s 51st …
May 012018
The Asian Development Bank (ADB) has emarked approximately $2.8 billion wort hof loans over the next two years in a bid to assist Sri Lanka in meeting its key development goals, reports Sri Lanka. The ADB said that it looked to contribute to job creati…
Apr 192018
Apr 19, Colombo: The Asian Development Bank (ADB) said it has received $12.6 million of funding for 2018 to 2020 from the Women Entrepreneurs Finance Initiative (We-Fi) to generate more resources for Sri Lankan women-led businesses. The grant – one of …
Apr 062018
ECONOMYNEXT – Asian Development Bank (ADB) has proposed an economic corridor to help correct regional imbalances in Sri Lanka, linking Colombo on the west coast with Trincomalee in the east, covering 10 districts and half the total population. The econ…
Apr 022018
The FINANCIAL — The Asian Development Bank’s (ADB) Board of Directors has approved a $100 million results-based loan as additional financing for the Government of Sri Lanka’s efforts to develop skills to meet labor demands, support economic diversification, and enhance productivity in the country.
Apr 022018
“Sri Lanka has achieved universal primary and high secondary enrollment rates, a high adult literacy rate, and gender parity in access to all levels of education. However, there remains a clear mismatch between skills among youth and labor market deman…
Aug 162017
New York, 16 Aug – Sri Lanka can meet its current and future electricity demand by judicial use of renewable energy by 2050, according to a joint study …