ADB backs Sri Lanka’s growing investment potential in key sectors
- 5opn1
- November 28, 2024
- Banking and Financial
- ADB backs Sri Lanka’s growing investment potential in key sectors
- 0 Comments
The Asian Development Bank (ADB) has pledged its support for investment opportunities in Sri Lanka, citing increased foreign investor interest fuelled by the government’s systematic financial reforms, the President’s Media Division (PMD) said in a statement.
During a discussion held at the Presidential Secretariat yesterday (26), led by ADB’s Regional Head of Private Sector Development, Mr. Takeo Koike and Senior Additional Secretary to the President Mr. G.N.R.D. Aponsu, the ADB delegation highlighted foreign investors’ enthusiasm for Sri Lanka’s expanding prospects across multiple sectors.
The meeting, focused on investment prospects in critical areas such as climate change mitigation, agricultural modernization, and the energy sector. Both direct investment and Public-Private Partnership (PPP) opportunities were discussed, underscoring the potential for collaboration in these critical fields and as pathways to further economic growth, the PMD said.
The ADB delegation also emphasized its commitment to working closely with Sri Lanka to attract sustainable investments that align with the country’s development goals, the statement added.
