ADB reaffirms its steadfast commitment to supporting SL’s development initiatives

May 05, Colombo (LNW): The Asian Development Bank (ADB) has reaffirmed its steadfast commitment to supporting Sri Lanka’s development initiatives.

This assurance came during a discussion between President of the ADB Masatsugu Asakawa and Finance State Minister Shehan Semasinghe, held on the sidelines of the ADB Annual Meeting in Tbilisi, Georgia.

Mr. Asakawa commended President Ranil Wickramasinghe and the government for the consistent progress made in the economy and the action plan outlined in the governance diagnostic report, State Minister Semasinghe said on his official ‘X’ handle.

I was honored to meet the President of the Asian Development Bank.(ADB) Mr. Masatsugu Asakawa commended President Ranil Wickramasinghe and the government on the steady progress made on the economy and action plan published on the governance diagnostic report. During our… pic.twitter.com/9z0Wk6viOQ

— Shehan Semasinghe (@ShehanSema) May 5, 2024

“During our discussion, highlighted reforms that have been implemented to enhance economic stability, foster growth, and strengthen governance. Further, discussed the progress of the debt restructuring process. Indicated our wish to reach out to the ADB to seek support for the implementation of the transformative initiatives as outlined in our Climate Prosperity Plan. Mr. Asakawa reiterated the ADB’s unwavering steadfast commitment to support Sri Lanka,” Semasinghe wrote.