Sunday, June 22, 2025

EDB partners ADB to formulate Export Development Plan 2025–2029

by damith
June 22, 2025 1:11 am 0 comment 11 views

The Sri Lanka Export Development Board (EDB), with the Asian Development Bank (ADB), is steadily progressing in the formulation of the National Export Development Plan (NEDP) for 2025–2029.

As part of this ongoing initiative, the second round of discussions took place on June 2 at the EDB premises, following the inaugural meeting in April.

The forthcoming strategy aims to strengthen Sri Lanka’s export sector through a data-driven, diagnostic-based approach, building on the experiences and lessons learned from the National Export Strategy (NES) 2018–2022.

Focus areas include trade diagnostics, market diversification, global value chain integration, and alignment with national development priorities.

During the session, the ADB presented its proposed methodology for the NEDP, highlighting the importance of broad stakeholder engagement and a well-defined implementation roadmap. This partnership is part of the ADB’s Policy Based Lending (PBL) program implemented under the Ministry of Industry and Entrepreneurship Development and is aligned with the Government vision of “A Thriving Nation – A Beautiful Life.”

The NEDP 2025–2029 is expected to serve as a comprehensive and strategic framework to guide Sri Lanka’s export-led economic transformation over the next five years.

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