ADB praises Lanka’s steady progress on economy

The Asian Development Bank (ADB) has reiterated its unwavering commitment to support Sri Lanka.

The ADB President, Mr. Masatsugu Asakawa, communicated this to the State Minister of Finance, Shehan Semasinghe, during a discussion held on the sidelines of the ADB Annual Meeting in Tbilisi, Georgia.

Posting on ‘X’ (formerly Twitter), Semasinghe stated that Mr. Asakawa also commended President Ranil Wickramasinghe and the government on the steady progress made on the economy and action plan published on the governance diagnostic report.

Semasinghe highlighted reforms implemented to enhance economic stability, foster growth, and strengthen governance during the discussion.

Furthermore, the State Minister has discussed the progress of the debt restructuring process while indicating Sri Lanka’s wish to reach out to the ADB to seek support for implementing the transformative initiatives outlined in our Climate Prosperity Plan.

“Mr. Asakawa reiterated the ADB’s unwavering steadfast commitment to supporting Sri Lanka,” Semasinghe added