Sri Lanka, April 10 -- The Asian Development Bank (ADB) announced plans to gradually shift its focus in Sri Lanka from budget support to investment projects, as the country shows signs of economic recovery.
"As the economy recovers and the government's fiscal position strengthens, we will expand our support to investment projects, to ensure the government's growth and development objectives are achieved," said ADB Country Director for Sri Lanka Takafumi Kadono.
While maintaining support for traditional sectors, where the ADB has had a long-standing presence, including energy, water and sanitation, education and skill development and transport, the institution is also looking to align with the emerging national priorities.
"The new pipeli...