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ADB Pledges Over $100 Million for Sri Lanka's Export Development
The Pulse
EconomyPoliticsHOT4h ago

ADB Pledges Over $100 Million for Sri Lanka's Export Development

TLDR
  • ADB pledges over USD 100 million for Sri Lanka's export diversification.

  • Mission reviewed National Export Development Plan (NEDP) 2026–2030.

  • Collaboration between ADB and EDB aims for export-led economic growth.

A delegation from the Asian Development Bank (ADB) visited Sri Lanka from April 27 to 30, 2026, to review the progress of the National Export Development Plan (NEDP) for 2026–2030. During their visit, the ADB agreed to provide over USD 100 million in aid to Sri Lanka, specifically aimed at diversifying the nation's export market. This strategic initiative, a collaboration with the Sri Lanka Export Development Board (EDB), seeks to foster sustained export-led economic growth. The plan aligns with the government's vision of “A Thriving Nation – A Beautiful Life” and is part of the ADB's Trade, Investment, and Industry Development Policy-Based Lending Program.

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