• Donors and the Asian Development Bank (ADB) have committed USD 5 billion for ADB’s Asian Development Fund (ADF) 14 and Technical Assistance Special Fund (TASF) 8.
• ADF 14, spanning 2025–2028, will prioritize support for the poorest and most vulnerable member countries, including Sri Lanka.

During the 57th Annual Meeting in Tbilisi, donors and the Asian Development Bank (ADB) committed to replenishing the Asian Development Fund (ADF) 14 and Technical Assistance Special Fund (TASF) 8 with USD 5 billion, a notable 22% increase from the previous cycle. ADF 14, earmarked for 2025–2028, will allocate over $2.5 billion from donors, including new contributors Armenia and Georgia. This replenishment aims to combat development setbacks and climate crises, with a focus on small island developing states and conflict-affected areas, including Sri Lanka. ADB also plans to provide $16.7 billion in concessional loans during this period, ensuring a ratio of more than $8 in grants and concessional loans for every $1 in donor contributions, thereby facilitating sustainable development and resilience-building efforts in Sri Lanka and other partner countries.

Sri Lanka to benefit from USD 5 bn Asian Development Fund 14 | Daily News