
The ADB has approved a USD $100 million loan to support Sri Lanka’s power-sector reforms, but critics say the 2025 Electricity Act amendments conflict with the principles of the 2024 Act, which came under a package of IMF-backed reforms.
The loan is aimed at accelerating IMF-backed reforms mandated by the Electricity Act of 2024 and its subsequent amendment in 2025, which facilitate a restructuring of the Ceylon Electricity Board (CEB).
ADB Country Director for Sri Lanka Takafumi Kadono, said