ADB Approves $100 Million Loan for Sri Lanka's Water and Sanitation Reforms

September 12, 2024

The Asian Development Bank (ADB) has approved a $100 million policy-based loan to bolster Sri Lanka's water supply and sanitation sector. This funding is part of the Water Supply and Sanitation Reform Program, which is divided into two subprograms, each valued at $100 million. The initiative aims to improve the resilience of water services to climate change and promote long-term sustainability.

Subprogram 1 focuses on establishing national policies and strategies, while Subprogram 2 will implement these reforms. Key goals include addressing fragmented water management, improving climate resilience, and ensuring equitable access to safe water. The program also addresses governance issues and aims to involve the private sector in water service delivery.

Senior Urban Development Specialist Pedro Almeida highlighted the need for improved water management due to climate change impacts and limited access to piped water.The program will also receive $800,000 in technical assistance to support reform implementation.