ADB grants Sri Lanka further loan towards enhancing skills for jobs
The Asian Development Bank has approved a further $100 million loan towards develop skills on workers to meet labour market demand.
The results based loan is aimed at developing the Skills Sector Development Program which received $100 million ADB loan in 2014.
“Sri Lanka has achieved universal primary and high secondary enrollment rates, a high adult literacy rate, and gender parity in access to all levels of education. However, there remains a clear mismatch between skills among youth and labor market demand,” an ADB Principal Social Sector Specialist, Gi Soon Song said.


