President held discussions on ADB-funded projects in Sri Lanka. Some of the new projects include a Rural Electrification Project of US$70 million, an SME Credit Line of US$100 million and a Local Government Enhancement Sector Project costing of US$40 million.

The ADB last week expressed keenness to increase its funding portfolio by more than US$1.2 billion in the next three years. A new Country Partnership Strategy is also on the cards to cover the period 2017-2021.

As of July 2015, ADB approved a total of 194 loans, to Sri Lanka, both sovereign and non sovereign, with cumulative lending of US$7.06billion. ADB also provided US$358 million in grant assistance and US$127.78 million in technical assistance projects.

President Sirisena thanks the ADB for the assistance provided for development projects in Sri Lanka.