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ADB VP in Lanka

18 August 2010 09:42 am - 10     - {{hitsCtrl.values.hits}}

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Asian Development Bank (ADB) Vice President , Xiaoyu Zhao will visit Sri Lanka from 19-21 August  2010, where he will hold discussions with the Government  and visit ADB funded projects especially in the north of Sri Lanka.

Mr Zhao will review ADB support for the reconstruction and development of post conflict Sri Lanka as well as other ADB development programs. He will meet Sri Lankan President, His Excellency Hon Mr Mahinda Rajapaksa, Mr Basil Rajapaksa Minister of Economic Development, Dr. Sarath Amunugama, Deputy Minister Finance & Planning, and  Mr Champika Ranawaka Minister of Power and Energy. He will also join the President of Sri Lanka in a foundation stone laying ceremony for a new ADB funded 'Highways Secretariat Building’ in Colombo.

Mr Zhao will discuss ADB's on going assistance for the country's infrastructure development, as well as support to the rehabilitation of the internally displaced due to civil war which ended in May 2009. He is also due to meet some Internally Displaces Persons (IDPs) now resettled in Kilinochchi, North of Sri Lanka. 

In his scheduled visit to Jaffna, he will visit ADB funded road and power projects under the Conflict Affected Areas Rehabilitation Project (CAARP) and will also inaugurate a medium voltage power project in Chavakachcheri.

Earlier this year, ADB approved a $150 million emergency assistance loan for Sri Lanka for the reconstruction of urgently-needed infrastructure and to restore essential services for people in the war-affected regions. (Daily Mirror online)
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  Comments - 10

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  • shanthi Wednesday, 18 August 2010 10:43 AM

    Minister , you are right very soon we will be in the top list who
    borrow money and don't pay it back, typical srilankan style.

    we must adopt constructing flyovers rather than demolishing houses and putting the man on the road and to the drivers to have cozy driving like marine drive , still they are in the 15th ccentury , land space will be the same (it can be reduced also by sea errosion) but man will be on the road .

    arshad Wednesday, 18 August 2010 10:53 AM

    Loans Loans Loans. to maintain whom ?

    CW Wednesday, 18 August 2010 11:15 AM

    Ladies & Gentlemen Can you please name one single coutry in this world that does not have debt, let alone ADB or IMF?

    Yeti Wednesday, 18 August 2010 12:20 PM

    Who else, but the ruling family!!

    nanda Wednesday, 18 August 2010 12:25 PM

    You know how much each citizen of USA debt, it is $43,255.03. (todays update). I agree with CWs comment.
    Dear shanthi, we will never come to top of that list so donot worry

    Calistus Jayatilleke Wednesday, 18 August 2010 01:05 PM

    But I know of at least one country which does not beg but threaten the lenders and borrow money!

    Waruna Wednesday, 18 August 2010 01:24 PM

    Antarctica

    Minister Wednesday, 18 August 2010 09:54 AM

    Each Sri Lankan today owes at least Rs. 250,000/- to foreign countries today. You can come and consider increasing it to at least Rs. 500,000/- We will pay, don't worry!

    Gayan Samarasekara Wednesday, 18 August 2010 09:57 AM

    Will this guy also demand action against war crimes??

    Nakadi Pushi Wednesday, 18 August 2010 09:57 AM

    Beware ! make sure not to trample 'Poli" mines in Colombo.


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