The Asian Development Bank (ADB) has approved a $98 million loan to support Sri Lanka’s efforts to build an inclusive, secure, and resilient digital economy.
The Advancing Digital Transformation Project will help expand high-quality broadband connectivity and improve government data infrastructure. The project aims to boost digital inclusion and equity by expanding access to digital government services for citizens and businesses, particularly women and underserved communities.
“Sri Lanka has made strong progress in stabilizing its economy and is now prioritizing digital transformation as a key driver of inclusive growth and productivity,” said ADB Country Director for Sri Lanka Shannon Cowlin.
Despite high mobile coverage, access to reliable, high-speed broadband remains uneven, particularly in rural and underserved areas. Gaps in digital and data infrastructure, cybersecurity, data protection, and skills continue to constrain the delivery of efficient public services and limit private sector development. The project will address these challenges.
ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Founded in 1966, ADB is owned by 69 members—50 from the region.
