Sri Lanka to Secure $50m in World Bank Financing for Digital Transformation
Sri Lanka is to obtain Special Drawing Rights (SDR) financing equivalent to 50 million dollars from the World Bank Group to implement its Digital Transformation Project. The government’s Information Department announced on Wednesday.
The initiative, part of the country’s Digital Economy Strategy 2025 to 2030, is aimed at improving the efficiency, accessibility, and transparency of public services through expanded use of digital platforms.
Cabinet approval to seek financial assistance from international development partners for the project was granted in October 2025.
Loan negotiations between relevant government agencies and the World Bank Group have since been concluded, the statement said.
Under the agreed framework, the Ministry of Finance, Planning and Economic Development will act as the borrower on behalf of the government, while GovTech Sri Lanka will serve as the implementing agency.
The project is expected to support the government’s broader efforts to modernise public administration and accelerate the country’s digital economy agenda. #Sri Lanka to Secure $50m in World Bank Financing for Digital Transformation#
