Finance Minister holds discussion with ADB to expedite projects in Sri Lanka

The Minister of Finance and Media Mangala Samaraweera who is attending the 51st Annual meeting of the ADB in Manila had discussions  with Mr. In-Chang Song an Executive Director of the Board of ADB at the ADB HQ today, 4 May 2018.

The ADB program in Sri Lanka has provided loans, grants and technical assistance to grow the country’s economy and improve the lives of people, particularly the poor, women, children and other vulnerable groups.

ADB has worked closely with Sri Lanka since 1966, signing loans, grants, and technical assistance totaling $9.1 billion as of 31 December 2017.

The Government, formed following the presidential and general elections in January 2015 and August 2015, respectively – is focused on inclusive growth, good governance, and private sector development.

Over the next 5 years, ADB will contribute to the Government of Sri Lanka’s key development goals of job creation, income enhancement, rural economic development, knowledge formation, and economic diversification (including export development).

Both sides agreed at the meeting to accelerate ongoing bilateral projects, which currently surpass US$ 3.6 Billion.

Sri Lankan delegation to ADB conference includes Secretary to Treasury Dr. R.H.S. Samaratunga and other senior officials from the budget dept and the ERD.