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Sri Lanka’s economic growth to slow down to 2.4% this year – ADB

Asian Development Bank (ADB) projects Sri Lanka’s economic growth to slowdown to 2.4% this year and to pick up slightly to 2.5% in 2023. “The outlook is clouded by Sri…

ADB Approves $110 million Additional Funding for Primary Health Care System (PHC) Project in Sri Lanka.

The Asian Development Bank (ADB) has approved a $110 million loan as additional financing for the ongoing Health System Enhancement Project that is improving the primary health care system (PHC)…

Maga Engineering Takes a Large Chunk of ADB’s Construction Contracts in Sri Lanka

The leading construction comoany, Maga Engineering Pvt. Ltd emerged as the top contractor in Asian Development Bank (ADB) funded projects in the country by securing contracts valued at a staggering…

Sri Lanka’s GDP to grow by 4.1% in 2021 – ADB

Sri Lanka’s Gross Domestic Product (GDP) is projected to grow by 4.1% recovering from the Coronavirus crisis on an expansive budget and stronger global demand with a marked rebound expected…

ADB Calls for Far-Reaching Reforms to Build Resilient Education Systems Amid COVID-19

Governments and stakeholders in Asia and the Pacific should initiate far-reaching reforms to strengthen the resilience of education and training systems as they deal with the coronavirus disease (COVID-19) pandemic,…