Asian Development Bank

The government today (17) signed loan agreements to obtain US$ 300 million from the Asian Development Bank (ADB). Loan Agreements were signed between the government and the Asian Development Bank at the Treasury in Colombo by Dr.…

The Asian Development Bank (ADB) has approved a $200 million loan to upgrade Sri Lanka’s power sector infrastructure, enhancing the reliability of transmission and distribution networks and facilitating greater integration of renewable…

President of the Asian Development Bank (ADB), Mr. Masatsugu Asakawa, congratulated President Anura Kumara Dissanayake on his election as the President of Sri Lanka, the President’s Media Division (PMD) said. In his message, Mr. Asakawa…

The United States has once again assured their fullest support to Sri Lanka in the debt restructuring process, State Minister of Finance Shehan Semasinghe said. Posting on ‘X’ (formerly Twitter), Semasinghe said that he had a productive…

The Asian Development Bank (ADB) says its annual flagship economic publication – the Asian Development Outlook (ADO) April 2024 – has projected Sri Lanka’s economy to record moderate growth of 1.9% in 2024 and 2.5% in 2025 following two…

The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and…

The Government of Sri Lanka says it is planning to borrow USD 60 million from the Asian Development Bank (ADB) under the Second Integrated Road Investment Program (Tranche 4) to finance carrying out the critical works of the already…

- “We want to fast track the journey towards a production economy. Therefore, SMEs should be further strengthened, encouraged and facilitated. For this purpose, we are introducing a concessionary loan scheme of around Rs. 30 billion with…