ADB reaffirms support for SL’s economic recovery during meeting with President
By: Isuru Parakrama
October 07, Colombo (LNW): President Anura Kumara Dissanayake met with Takafumi Kadono, the Permanent Representative of the Asian Development Bank (ADB) to Sri Lanka, today (07) at the Presidential Secretariat.
The meeting reaffirmed ADB’s commitment to providing financial assistance for key sectors, aiming to bolster the country’s economic recovery.
During the discussions, Kadono confirmed that the ADB will continue its support for Sri Lanka’s tourism, energy, and small-scale enterprise sectors.
This is part of the Bank’s ongoing collaboration with the nation to drive economic growth and stability.
President Dissanayake was briefed on the status of existing agreements, with Kadono assuring him that all commitments would be upheld and implemented as planned.
A key focus of the discussions was enhancing the tourism industry, with Kadono expressing the ADB’s readiness to allocate resources to improve infrastructure within this sector.
The President specifically requested support for developing tourism in the Northern region, which Kadono agreed to assist.
This initiative is seen as crucial for promoting regional growth and attracting more visitors to less explored areas of the country.
In addition to tourism, the ADB also committed to offering financial aid for energy projects, recognising the need to bolster Sri Lanka’s renewable energy capabilities to meet future demands.
Kadono emphasised that the Bank is equally focused on providing resources to support small-scale entrepreneurs, further contributing to the country’s broader economic development.
The ADB’s willingness to support these key areas reflects its ongoing partnership with Sri Lanka, particularly at a time when the country is striving to stabilise its economy and create a sustainable growth model.
This renewed collaboration is expected to inject much-needed momentum into several industries, laying the groundwork for long-term development.
