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ADB+unveils+5-year+%24+5bn+worth+strategy+for+Sri+Lanka
Friday, 25 August 2017 - 23:14
ADB unveils 5-year $ 5bn worth strategy for Sri Lanka
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Asian Development Bank's Board of Directors has endorsed a country partnership strategy for 2018-2022, amounting to up to 1 billion dollars per year, to help Sri Lanka’s transition to an upper middle income country.

“In its new CPS, ADB aims to respond flexibly to the evolving demands of the government,” said Sri Widowati, ADB Country Director in Sri Lanka.

About $800 million to $1 billion per year will be earmarked over the five-year CPS period, while technical assistance is expected to amount to about $8 million a year. ADB will also increase its private sector operations by expanding into non-finance sectors.

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