Sri Lanka rated among ADB’s well-performing countries

Thursday, 23 April 2015 02:04 - - {{hitsCtrl.values.hits}}

Sri Lanka has been rated as a country where the Asian Development Bank operations performed well in South Asia, a new annual review by Independent Evaluation of the Asian Development Bank (ADB) said. “The country assessments point to a relatively good performance of ADB operations in South Asia, particularly in Bhutan, India, Nepal, and Sri Lanka,” the report said. “It rated 14 (64%) of these successful and eight (36%) less than successful,” “Civil strife may have affected the Nepal and Sri Lanka programs, but not to the extent that they were rated other than successful.” The ADB assessed 21 countries in the region from 2010 to 2014 in the report. The Bhutan and India programs reflected more developed institutional and organizational capacities in ADB’s sectors of engagement as well as robust private sector involvement. However, unstable political and economic conditions in some Central and West Asia countries have challenged performance, the report said. “Civil strife has dogged Afghanistan, while political and social turmoil associated with the Musharraf administration and beyond, as well as security concerns over the review period influenced the Pakistan program. In Armenia, closed borders with neighboring countries continued to affect operations.” Asian Development Bank’s Independent Evaluation report contributes to develop effectiveness by providing feedback on ADB’s policies, strategies, operations, and special concerns in Asia and the Pacific.

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