- Global economic indicators show central banks diverging on monetary policy, while conflict outlook impacts energy prices and currency carries.
- The Asian Development Bank addresses the financial impacts resulting from the ongoing conflict in the Middle East.
- The Asian Development Bank is providing financial support to countries, including Sri Lanka, amidst a crisis in the Middle East.
The Sri Lankan government, with the support of the Asian Development Bank, has taken steps to strengthen the national financial sector and implement key programs.
3 reports, 2 independent
Updated Oct 6
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What happened
The Sri Lankan government, with the support of the Asian Development Bank, has taken steps to strengthen the national financial sector and implement key programs.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Government initiatives are successfully driving increases in financial literacy.1 source
- Special financial boards were established in Anuradhapura, Kandy, Gampaha, and Polonnaruwa, with the Ministry managing mediation boards across Sri Lanka.Sub-event
- Initiatives support the SME Nexus National Strategic Framework in Sri Lanka with ADB backing.Sub-event
- Sri Lanka is currently under an IMF bailout program, and the ADB, a Manila-based multilateral lender, projects slower economic growth and higher inflation.Sub-event
- Sri Lanka's government must urgently redesign the incentive framework and lead the urgent tax incentive redesign.Sub-event
ADB forecasts 4% growth for Sri Lanka as it implements reforms with IMF backing.1 source
Government strengthens national financial sector with ADB support.1 source
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The entities involved
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Sri Lanka
island country in South Asia
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government
system or group of people governing an organized community, often a state
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Asian Development Bank
regional development bank
Related events
- The International Finance Corporation discussed support for Sri Lanka's national economic development.
- The government of Sri Lanka is pursuing structural reforms as part of the ongoing program with the International Monetary Fund.
- NMCRP alleges that Finance Ministry officials misled the Cabinet regarding financial matters in Sri Lanka.
- The Asian Development Bank provides technical assistance to the Public Debt Management Office, which is part of the Ministry of Finance.
- ADB provides development finance and grants to the Pacific Islands region.