Strengthening Ties in Development Cooperation between the Asian Development Bank and Sri Lanka

Ambassador Shobini Gunasekera virtually met with Mr. Kenichi Yokoyama, Director General-South Asia Department of the Asian Development Bank (ADB) and his team on 7 April 2021.

The interactive discussion centered on the development initiatives and assistances of the ADB in Sri Lanka particularly in sectors of transportation, energy generation, urban development, etc. with emerging focus on higher education, micro-enterprise financing, and knowledge support.

Ambassador Gunasekera expressed her sincere gratitude to the ADB for its crucial role as the leading multilateral partner of Sri Lanka. She enjoined Mr. Yokoyama to explore more opportunities with the country for development cooperation in sectors such as technical skills development, agriculture, and technology, among others.

Further, she commended the significant and timely contribution of the ADB in Sri Lanka’s widely successful COVID-19 response. She also welcomed a visit by Mr. Yokoyama and his team in Sri Lanka in the coming months.

On the other hand, Mr. Yokoyama spoke about the productive convergence of ADB and Sri Lanka in working together in programs which have accrued benefits for the country. He expressed his optimistic outlook on sustaining this notable synergy in prospective engagements as Sri Lanka further enters its new development phase.

The ADB, headquartered in the Philippines, has been a major development partner to Sri Lanka since 1988 and is the country’s largest source of multilateral development assistance. Since 1966, ADB has committed loans, grants, and technical assistance totaling $10.5 billion for the country.

Embassy of Sri Lanka
9th April 2021