Open Access BASE2021

Asian Development Bank Member Fact Sheet: Sri Lanka April 2021 ; ADB Fact Sheets

In: http://hdl.handle.net/11540/13557

Open Access

Abstract

The coronavirus disease (COVID-19) pandemic and associated restrictions in Sri Lanka impacted most major sectors of the country's economy. This comes in the wake of the Easter Sunday terror attacks in 2019, which also had significant effects on economic growth, especially on tourism. The path to recovery will be challenging, given uncertainties in the global economic outlook and the fiscal constraints that Sri Lanka faces. Since 1966, ADB has committed loans, grants, and technical assistance totaling $11.1 billion for Sri Lanka. Cumulative loan and grant disbursements to Sri Lanka amount to $7.96 billion. These were financed by regular and concessional ordinary capital resources, the Asian Development Fund, and other special funds.

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