Sri
Lanka needs to reorient its planning and policy framework to suit the
requirements of a middle-income country, drawing on the experiences of other
Asian countries and international best practices, says Asian Development Bank . ADB's
country partnership strategy (CPS), 2012-2016, for Sri Lanka, focuses on
three pillars: inclusive and sustainable economic growth, catalyzing private
investment and enhancing the effectiveness of public investment, and human
resource and knowledge development.
ADB's interventions during the CPS period
will be strategically focused on transport, energy, education, skills
development, and water supply. Three projects are being processed for the year
2013. These projects are in the education, water, and transport sectors.
From
1968 to 2011, the Asian Development Bank (ADB) approved 157 loans amounting to
$5.3 billion and 245 technical assistance projects amounting to $115 million
for Sri Lanka. ADB supports the government’s efforts in the post-conflict
reconstruction of the northern and eastern provinces. In addition, ADB’s
interventions will continue to focus on five sectors: transport, energy, water
supply and sanitation, education, and public sector management. ADB remains
committed in supporting the government’s efforts toward making Sri Lanka’s
growth socially inclusive and environmentally sustainable.
