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The Sri Lankan government has announced plans to secure US$50 million in Special Drawing Rights (SDR) funding from the World Bank Group to support the Sri Lanka Digital Transformation Project.
This initiative, part of the Digital Economy Strategy 2025–2030, aims to modernize public service delivery by making it more efficient, transparent, and digitally accessible for citizens.
The Cabinet granted approval for the project during its October 2025 meeting, authorizing engagement with international development partners to implement the plan. Subsequent loan negotiations involving government officials and World Bank representatives have now been successfully concluded.
Under the agreement, the Ministry of Finance, Planning, and Economic Development will act as the borrowing institution on behalf of the government, while GovTech Sri Lanka will serve as the implementing agency for the project.
The Cabinet also approved a resolution submitted by the President in his role as Minister of Finance, Planning, and Economic Development to secure the US$50 million SDR facility from the World Bank. The approval follows the financial guidelines and recommendations issued by the Public Debt Management Office under the Public Debt Management Act No. 33 of 2024.
This funding is expected to accelerate Sri Lanka’s efforts in building a digitally empowered public sector, enhancing service delivery and strengthening the country’s digital economy.
