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ADB allocates USD 900 mn for Sri Lanka’s development in 2025

The Manila-based Asian Development Bank (ADB) has earmarked an indicative envelope of US$900 million for Sri Lanka’s development in 2025.
Subject to government approval, the funding will support macroeconomic stability, power, agriculture, finance, tourism, and skills development. The assistance will be provided through policy-based loans, results-based lending, investment projects, and technical assistance initiatives, according to senior representatives of the ADB in Sri Lanka.
ADB Country Operations Head Cholpon Mambetova stated that discussions are currently underway with the Sri Lankan government to determine the specific type of support required.
During the Country Programming Mission, scheduled for March, officials will finalise the project pipeline for 2025 to 2028.
“We have investment projects and a number of technical assistance projects provided on a grant basis, mainly to support government institutions in capacity development, analytical research, and institutional strengthening activities,” Mambetova said.
In the first quarter of 2025, the ADB will hold a Tripartite Portfolio Review Meeting (TPRM) with the Ministry of Finance and other line ministries.
The TPRM will assess the ongoing US$4 billion portfolio, reviewing project implementation, identifying challenges, and exploring solutions. “So far, we have had a good year. In terms of project implementation, none of our projects are at risk,” she added.
In 2024, the ADB allocated US$808 million for various projects, including:
Enhancing Small and Medium-sized Enterprise Finance Project – US$100 million
Power Sector Reforms and Financial Stability Programme (Subprogrammes 1 & 2) – US$300 million
Water Supply and Sanitation Reform Programme – US$100 million
Mahaweli Water Security Programme (Tranche 3) – US$93 million
Financial Sector Stability and Reform Programme (Subprogramme 2) – US$200 million
Energy Activities Supporting Facility (Activity 1) – US$15 million
ADB Country Director Takafumi Kadono emphasised the bank’s role in providing financial support when Sri Lanka lacks access to capital markets or other lending institutions.
“We do not provide budget support. Instead, we ensure that the country undertakes structural and policy reforms to address underlying weaknesses, enabling it to recover, rebuild, and achieve sustainable and inclusive growth,” he said.
Kadono further noted that ADB-financed projects undergo a rigorous due diligence process and are prioritised based on necessity.
“The investments we finance are critical, not just ‘nice to have’,” he added.
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Sun directly overhead Hatthikuchchi, Kalankuttiya, Halmillewa, Ipalogama, Palugaswewa and Habarana at about 12:11 noon. today [10]

On the apparent northward relative motion of the sun, it is going to be directly over the latitudes of Sri Lanka during 05th to 14th of April in this year.
The nearest areas of Sri Lanka over which the sun is overhead today (10th) are Hatthikuchchi, Kalankuttiya, Halmillewa, Ipalogama, Palugaswewa and Habarana at about 12:11 noon.
News
LG elections to be staggered

Signs are clear that the local government (LG) elections, originally scheduled for 06 May, will have to be held on a staggered basis, as nomination lists in respect of about 200 out of 339 LG institutions have been challenged before the Court of Appeal, according to sources.
Those who have filed cases in the Court of Appeal seek writs against holding the elections. The final date for filing cases is 21 April.
By yesterday only 113, out of 339 local government bodies, had been cleared for the 06 May elections, with no rejections of nomination lists, or objections, sources said. The nomination lists for 226 local government bodies have been rejected, and candidates on these rejected lists are entitled to file cases against the Election Commission (EC) until 21 April.
The Court of Appeal (CA) has ordered that some of the lists rejected by the Election Commission be accepted. However, the EC is planning to challenge all CA orders before the Supreme Court.
When contacted for comment, Director General of the Election Commission, Saman Sri Ratnayake, told The Island that all arrangements had been made to hold the elections on 06 May, in accordance with the provisions of the Local Authorities Elections (Amendment) Act No. 16 of 2017.
“We will hold elections to the local government bodies for which there are no legal barriers, and this will depend on the final decision of the courts,” Ratnayake said, adding that elections to other local government bodies would be held on later dates.
By Saman Indrajith
News
Sri Lanka and Australia reaffirm commitment to deepening defence ties

Sri Lanka and Australia have reaffirmed their commitment to deepening defence ties and exploring new avenues for cooperation in areas such as maritime domain awareness (MDA), training exchanges and capacity-building initiatives.
A number of key matters of mutual interest, particularly in the area of defence and security cooperation were deliberated when the Australian High Commissioner to Sri Lanka, Paul Stephens, paid a courtesy call on the Deputy Minister of Defence, Major General (retd.) Aruna Jayasekara at his office in Colombo on Tuesday (April 8).
The meeting was held in a cordial and constructive atmosphere, reflecting the longstanding friendship and cooperation between Australia and Sri Lanka, the Ministry of Defence said in a statement.
The Deputy Minister has expressed his appreciation for Australia’s continued support in strengthening Sri Lanka’s maritime security and defence capabilities.
Highlighting a recent example of this collaboration, Major General Jayasekara acknowledged the significant contribution made by the Australian government through the donation of a state-of-the-art Shallow Water Multi-Beam Echo Sounder to the Sri Lanka Navy Hydrographic Service (SLNHS). He noted that this advanced equipment has brought a transformative enhancement to Sri Lanka’s capacity for surveying harbours, coastal areas and strategic waterways, thereby contributing to both national security and regional maritime stability, the statement added.
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