ADB extends US $ 100mn support to deepen fiscal reforms, transparency in SL

The Asian Development Bank (ADB) has approved a US $ 100 million financing package to strengthen Sri Lanka's macroeconomic resilience and reinforce its reform momentum as the country continues its recovery from the 2022 economic crisis.

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The support comes at a critical juncture when the government is striving to sustain fiscal stability while pushing ahead with governance and structural reforms to create a more predictable and transparent investment climate.

“Sri Lanka has made commendable progress in restoring fiscal and debt sustainability following an unprecedented economic crisis,” said ADB Country Director for Sri Lanka Takafumi Kadono.

“We will work closely with the government to restore macroeconomic stability and promote inclusive, sustainable growth by strengthening Sri Lanka's fiscal governance and build a more efficient, accountable and resilient public sector.”