ADB Approves $100 Million to Support Sri Lanka’s Economic Stability and Growth

The Asian Development Bank (ADB) has approved a US$100 million financing package to help Sri Lanka strengthen macroeconomic stability and foster sustainable growth.

According to ADB, the program will focus on enhancing public expenditure management, improving revenue mobilization, and encouraging private sector participation in economic activities.

“The program aims to improve the credibility and execution of public expenditure, enhance domestic revenue mobilization, and foster a more predictable and transparent investment climate,” said ADB Country Director for Sri Lanka, Takafumi Kadono.

He added that the ADB will work closely with the Sri Lankan government to restore fiscal stability, promote inclusive and sustainable growth, and build an efficient, accountable, and resilient public sector.