Asian Development Bank, the Asian Infrastructure Investment Bank and the World Bank joint statement on Sri Lanka
On May 19, the Secretary of Treasury convened the first Joint Coordination Meeting with the Asian Development Bank, the Asian Infrastructure Investment Bank and the World Bank under a joint action plan to support Sri Lanka’s response to the economic crisis.
All three institutions are adopting a coordinated approach to sustain basic services and livelihoods and to mitigate the impact of the economic crisis on the people of Sri Lanka.
This includes access to essential items such as medicines, cash assistance, gas and fertilizer through the reallocation of resources from existing projects.
