According to the ADB, the funding will be directed towards strengthening public expenditure management, enhancing domestic revenue mobilization, and promoting private sector participation to help rebuild confidence and accelerate economic reforms.
ADB Country Director for Sri Lanka, Takafumi Kadono, commended Sri Lanka’s progress in restoring fiscal and debt sustainability.
“Sri Lanka has made commendable progress in restoring fiscal and debt sustainability,” Kadono said. “This program also aims to improve the credibility and execution of public expenditure, enhance domestic revenue mobilization, and foster a more predictable and transparent investment climate.”
The initiative aligns with ADB’s continued support for Sri Lanka’s economic reform agenda, focusing on creating a stable, transparent, and investor-friendly environment essential for long-term recovery
