ADB Developing New Sri Lanka Country Strategy, Official Says

The Asian Development Bank plans to provide up to $300 million annually to Sri Lanka as part of a bank’s new five-year assistance strategy for the country. The strategy is still being developed but it is expected to focus on the country’s transportation and water and sanitation sectors, ADB Country Director Richard Vokes said, according to Lanka Business Online.The bank official added that the annual sum may change during the latter part of the five-year period.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.