The Asian Development Bank (ADB) has approved a $98 million loan to support Sri Lanka in building a secure, inclusive and resilient digital economy while boosting private sector led growth and public service delivery.
Entitled the Advancing Digital Transformation Project, the initiative will expand high-speed broadband connectivity in underserved regions, upgrade telecommunications infrastructure from 2G to 4G and 5G, and enhance the Lanka Government Cloud 3.0 to make state data systems more reliable and resilient.
The project also addresses critical gaps in cybersecurity, data protection and public sector digital skills with targeted training to increase women’s participation in the digital economy while providing an additional $1 million technical assistance grant from the Technical Assistance Special Fund. (Newswire)