The Asian Development Bank (ADB) will double its sovereign assistance during 2018-2022 said the bank’s vice-president Wencai Zhang.
Speaking ahead of his official tour of Sri Lanka, Mr Zhang said,
“ADB proposes to double its sovereign assistance to $800 million -$1 billion per year during 2018-2022. Hence the ADB will continue to invest in programs and projects in sectors where we have strong operational experience while exploring new areas that will put the country further towards reaching an Upper Middle Income Country (UMIC) status.”
Outlining the ADB’s two main focus points in Sri Lanka, Mr Zhang said,