Sri Lanka is the first member to formally request such assistance. This proposal increases ADB’s total planned budget support in Sri Lanka for 2026 to $480 million. “Sri Lanka is at a turning point, moving from crisis recovery toward growth and a more resilient economy,” Mr. Kanda said. “However, the conflict in the Middle East is adding new pressures for Sri Lanka, including rising oil prices, supply chain disruptions, and falling remittances. Mr. Kanda also visited Colombo Port, where he viewed how ADB-financed infrastructure, including the Colombo Port Expansion and Port Access Elevated Highway, connects Sri Lanka to supply chains.

Source: Sunday Times March 26, 2026 00:42 UTC