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ADB reaffirms strong commitment to support SL

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Tbilisi: Maintaining Sri Lanka’s ongoing economic reforms was vital to prevent future crises, said Deputy Assistant Secretary of the Treasury for Asia Robert Kaproth at a   bilateral engagement held with State Minister of Finance Shehan Semasinghe in Tbilisi on the sidelines of the ADB 57th Annual Meetings held in Georgia.

The progress of debt restructuring was discussed at length and Kaproth said that the United States of America will give maximum support to Sri Lanka.  The importance of continuation with the reforms was also highlighted.

Meanwhile, the minister also had a discussion with the Vice-President (South, Central, and West Asia) of the Asian Development Bank (ADB). The new Country Partnership Strategy 2024–2028  of the Asian Development Bank was also discussed and the necessity to continue  reforms to maintain macroeconomic stability was highlighted at the discussions. Here Yingming Yang expressed ADB’s strong commitment to support Sri Lanka.

 

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