The Government of Sri Lanka has secured a Special Drawing Rights (SDR) financing package equivalent to US$50 million from the World Bank Group to accelerate a nationwide digital transformation programme aimed at modernizing public service delivery.
The funding will support the Sri Lanka Digital Transformation Project, a flagship initiative under the Digital Economy Strategy (2025–2030), designed to improve efficiency, transparency, and accessibility in government services through advanced digital platforms.
Cabinet approval to seek international development financing for the project was granted in October 2025, paving the way for negotiations involving government stakeholders and the World Bank. With negotiations now concluded, the project is set to move into its implementation phase.
Under the agreed framework, the Ministry of Finance, Planning, and Economic Development will serve as the borrower on behalf of the government, while Gov Tec Sri Lanka will oversee project execution, coordinating digital infrastructure upgrades and service integration across state institutions.
Approval for the financing arrangement was formally endorsed by the Cabinet of Ministers following a proposal submitted by the President in his capacity as Minister of Finance. The borrowing terms were reviewed and recommended by the Public Debt Management Office in accordance with the provisions of the Public Debt Management Act No. 33 of 2024.
Officials say the initiative marks a significant step toward building a digitally enabled public sector, enabling citizens and businesses to access government services faster, more transparently, and with reduced administrative barriers.
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