Post: Sri Lanka and ADB Discuss Development Plans for 2026-2029

Sri Lanka and ADB Discuss Development Plans for 2026-2029


Khartoum:A special discussion focusing on Sri Lanka’s development plans for 2026 to 2029, involving the Asian Development Bank (ADB) as a crucial development partner, took place recently at the Presidential Secretariat. The meeting was co-chaired by Secretary to the President Dr. Nandika Sanath Kumanayake and ADB Country Director for Sri Lanka Ms. Shannon Cowlin.



According to News.LK, the discussion served as a preparatory session for the upcoming programme review meeting scheduled for October 5 and 6, 2026. This future meeting aims to ensure the successful implementation of the ADB’s annual programme for 2027.



The meeting prioritized identifying development projects for inclusion in ADB’s long-term plans. Additionally, it emphasized the importance of government ownership of ADB-financed programmes, efficient coordination between government processes and ADB procedures, and the effective use of limited concessional financial resources and technical assistance.



Participants also discussed measures and approaches required to address challenges in accelerating Sri Lanka’s development and achieving fiscal targets swiftly. The meeting included Additional Secretary to the President W. D. R. Krishantha, Senior Assistant Secretary to the President Dr. Danushka Perera, and other senior officials from the Asian Development Bank.