66% of refugees have been displaced for at least five years

Sri Lanka Agriculture Sector Modernization Project

Abstract*

The development objectives of Agriculture Sector Modernization Project for Sri Lanka are to support increasing agriculture productivity, improving market access, and enhancing value addition of smallholder farmers and agribusinesses in the project areas. This project has three components. 1) The first component, Agriculture Value Chain Development, seeks to promote commercial and export-oriented agriculture; attract and leverage investments from farmer... Show More

Development Objective

The Project Development Objectives (PDO) are to support increasing agriculture productivity, improving market access, and enhancing value addition of smallholder farmers and agribusinesses in the project areas.

Key Details

Project Details

Project ID
P156019
Status
Closed
Team Leader
John Keyser
Borrower 2
Ministry of Finance

Country
Sri Lanka
Disclosure Date
May 3, 2016
Approval Date
(as of board presentation)
June 28, 2016
Effective Date
March 17, 2017

Total Project Cost 1
US$ 169.84 million
Implementing Agency
Ministry of Agriculture and Plantation Industries,Ministry of Plantation Industries
Region
South Asia
Fiscal Year 3
2016

Commitment Amount
US$ 125.00 million
Environmental Category
B
Environmental and Social Risk
Not Applicable
Closing Date
December 31, 2024

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
May 9, 2024

Associated Projects
P173297

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Finance

FY17 - Finance for Development3%
- FY17 - Agriculture Finance3%
FY17 - Financial Infrastructure and Access13%
- FY17 - MSME Finance13%

FY17 - Private Sector Development

FY17 - Enterprise Development13%
- FY17 - MSME Development13%
FY17 - Jobs100%

FY17 - Urban and Rural Development

FY17 - Rural Development73%
- FY17 - Rural Infrastructure and service delivery27%
- FY17 - Rural Markets46%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	125.00
Borrower/Recipient	0.74
Local Farmer Organizations	44.10

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	125.00
IBRD + IDA Commitment	125.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	169.84

Summary Status of World Bank Financing (US$ Millions) as of September 30, 2025

No data available.

Detailed Financial Activity as of September 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jun 28, 2016	IDA-58730	Loan Commitment	125,000,000.00
Jul 22, 2024	IDA-58730	Loan Disb	52,546.50
Jun 15, 2023	IDA-58730	Int Charges	418,666.97
Aug 28, 2023	IDA-58730	Loan Disb	71,034.36
Nov 14, 2022	IDA-58730	Loan Disb	8,063.68
Nov 14, 2022	IDA-58730	Loan Disb	42,620.61
Feb 6, 2023	IDA-58730	Loan Disb	2,500,000.00
Apr 3, 2023	IDA-58730	Loan Disb	5,000,000.00
Apr 3, 2023	IDA-58730	Loan Disb	33,187.25
Dec 20, 2022	IDA-58730	Loan Disb	2,471,211.00
Dec 15, 2022	IDA-58730	Loan Repay	78,026.10
Dec 15, 2022	IDA-58730	Loan Repay	1,880,660.00
Dec 15, 2022	IDA-58730	Int Charges	233,867.62
Dec 15, 2022	IDA-58730	Int Charges	233,867.62
Dec 15, 2022	IDA-58730	Int Charges	694,015.90
Jan 17, 2023	IDA-58730	Loan Disb	63,930.92
Apr 3, 2023	IDA-58730	Loan Disb	42,620.63
Apr 25, 2023	IDA-58730	Loan Disb	21,310.30
Mar 6, 2023	IDA-58730	Loan Disb	42,620.61
Jun 6, 2023	IDA-58730	Loan Cancel	10,005,390.00
Sep 5, 2023	IDA-58730	Loan Disb	66,374.50
Sep 5, 2023	IDA-58730	Loan Disb	6,000,000.00
Mar 17, 2023	IDA-58730	Loan Disb	63,930.92
Jun 15, 2023	IDA-58730	Int Charges	123,314.57
Jun 28, 2023	IDA-58730	Loan Disb	3,225,012.00
Jun 15, 2023	IDA-58730	Loan Repay	1,964,308.40
Jun 30, 2023	IDA-58730	Loan Disb	71,034.36
Jun 30, 2023	IDA-58730	Loan Disb	42,620.60
Jun 15, 2023	IDA-58730	Int Charges	251,200.17
Jun 15, 2023	IDA-58730	Int Charges	251,200.17
Dec 15, 2020	IDA-58730	Int Charges	245,620.62
Mar 17, 2021	IDA-58730	Loan Disb	2,290,000.00
Dec 15, 2020	IDA-58730	Int Charges	8,933.55
Nov 30, 2020	IDA-58730	Loan Disb	2,260,000.00
Jun 15, 2021	IDA-58730	Int Charges	12,064.78
Jun 15, 2021	IDA-58730	Int Charges	185,974.58
Jun 15, 2021	IDA-58730	Int Charges	185,974.58
Jun 15, 2021	IDA-58730	Int Charges	306,226.62
Jul 12, 2021	IDA-58730	Loan Disb	4,725,044.00
Feb 22, 2022	IDA-58730	Loan Disb	5,553,420.00
Jun 15, 2022	IDA-58730	Loan Repay	1,933,121.90
Jun 15, 2022	IDA-58730	Int Charges	232,552.88
Jun 15, 2022	IDA-58730	Int Charges	232,552.88
Jun 15, 2022	IDA-58730	Int Charges	812,384.70
Jun 15, 2022	IDA-58730	Loan Repay	27,050.81
Sep 27, 2021	IDA-58730	Loan Disb	3,073,797.00
Dec 8, 2021	IDA-58730	Loan Disb	4,000,000.00
Jan 4, 2022	IDA-58730	Loan Disb	3,000,000.00
Aug 5, 2022	IDA-58730	Loan Disb	88,499.34
Sep 27, 2022	IDA-58730	Loan Disb	42,620.61
Dec 15, 2018	IDA-58730	Int Charges	60,602.00
Dec 15, 2018	IDA-58730	Int Charges	60,602.00
Apr 10, 2019	IDA-58730	Loan Disb	4,801,006.00
Jun 15, 2019	IDA-58730	Int Charges	129,817.82
Jun 15, 2019	IDA-58730	Int Charges	2,345.93
Jun 15, 2019	IDA-58730	Int Charges	2,345.93
Jun 15, 2019	IDA-58730	Int Charges	75,544.74
Jun 15, 2019	IDA-58730	Int Charges	75,544.74
Oct 24, 2019	IDA-58730	Loan Disb	3,880,674.00
Apr 30, 2020	IDA-58730	Loan Disb	2,000,000.00
Dec 15, 2019	IDA-58730	Int Charges	1,078.07
Dec 15, 2019	IDA-58730	Int Charges	1,078.07
Dec 15, 2019	IDA-58730	Int Charges	94,343.05
Dec 15, 2019	IDA-58730	Int Charges	94,343.05
Dec 15, 2019	IDA-58730	Int Charges	145,634.38
Mar 4, 2020	IDA-58730	Loan Disb	2,000,000.00
Jun 15, 2020	IDA-58730	Int Charges	111,896.83
Jun 15, 2020	IDA-58730	Int Charges	111,896.83
Jun 15, 2020	IDA-58730	Int Charges	177,925.40
Jun 9, 2020	IDA-58730	Loan Disb	2,089,562.00
Jun 22, 2020	IDA-58730	Loan Disb	4,000,000.00
Jun 15, 2020	IDA-58730	Int Charges	13,354.94
Sep 17, 2020	IDA-58730	Loan Disb	2,161,495.00
Dec 4, 2020	IDA-58730	Loan Disb	4,080,000.00
Dec 15, 2020	IDA-58730	Int Charges	154,605.25
Dec 15, 2020	IDA-58730	Int Charges	154,605.25
Jun 19, 2017	IDA-58730	Loan Disb	1,694,966.00
Jun 29, 2017	IDA-58730	Loan Disb	1,026,000.00
Jun 20, 2018	IDA-58730	Loan Disb	2,951,394.00
Dec 7, 2017	IDA-58730	Loan Disb	9,960,385.00
Jun 12, 2018	IDA-58730	Loan Disb	1,964,839.00
Dec 7, 2017	IDA-58730	Loan Disb	-9,960,385.00
Dec 7, 2017	IDA-58730	Loan Disb	9,960,385.00
Dec 15, 2017	IDA-58730	Int Charges	11,627.16
Dec 15, 2017	IDA-58730	Int Charges	11,627.16
Dec 15, 2017	IDA-58730	Int Charges	14,959.06
Dec 15, 2018	IDA-58730	Int Charges	3,720.97
Dec 15, 2018	IDA-58730	Int Charges	3,720.97
Jun 15, 2018	IDA-58730	Int Charges	4,410.08
Jun 15, 2018	IDA-58730	Int Charges	47,835.77
Jun 15, 2018	IDA-58730	Int Charges	47,835.77
Jun 15, 2018	IDA-58730	Int Charges	79,726.30
Jan 25, 2019	IDA-58730	Loan Disb	2,274,413.00
Dec 15, 2018	IDA-58730	Int Charges	107,204.96
Dec 15, 2023	IDA-58730	Loan Repay	1,753,883.90
Dec 15, 2023	IDA-58730	Int Charges	284,314.70
Dec 15, 2023	IDA-58730	Int Charges	284,314.70
Dec 15, 2023	IDA-58730	Int Charges	414,981.94
Dec 19, 2023	IDA-58730	Loan Disb	3,000,000.00
Dec 15, 2023	IDA-58730	Loan Repay	41,180.13
Nov 20, 2023	IDA-58730	Loan Disb	14,749.89
Dec 8, 2023	IDA-58730	Loan Disb	85,241.23
Dec 8, 2023	IDA-58730	Loan Disb	11,571.97
Dec 8, 2023	IDA-58730	Loan Disb	63,930.92
Dec 8, 2023	IDA-58730	Loan Disb	23,678.11
Jul 9, 2024	IDA-58730	Loan Disb	2,000,000.00
Aug 8, 2024	IDA-58730	Loan Disb	398,209.12
Aug 29, 2024	IDA-58730	Loan Disb	392,716.60
Mar 18, 2024	IDA-58730	Loan Disb	90,781.88
Mar 18, 2024	IDA-58730	Loan Disb	81,339.08
Aug 20, 2024	IDA-58730	Loan Disb	35,517.18
Oct 6, 2023	IDA-58730	Loan Disb	63,930.92
May 20, 2024	IDA-58730	Loan Disb	1,000,000.00
Apr 16, 2024	IDA-58730	Loan Disb	40,101.27
Feb 26, 2024	IDA-58730	Loan Disb	54,459.67
Apr 24, 2024	IDA-58730	Loan Disb	3,000,000.00
Sep 4, 2024	IDA-58730	Loan Disb	33,187.25
Apr 30, 2024	IDA-58730	Loan Disb	71,905.71
Jan 30, 2024	IDA-58730	Loan Disb	106,551.20
Feb 13, 2024	IDA-58730	Loan Disb	26,588.95
Apr 8, 2024	IDA-58730	Loan Disb	25,812.31
Jun 3, 2024	IDA-58730	Loan Disb	15,769.63
Apr 8, 2024	IDA-58730	Loan Disb	56,865.37
Jun 15, 2024	IDA-58730	Loan Repay	1,764,043.80
Jun 15, 2024	IDA-58730	Int Charges	300,333.34
Jun 15, 2024	IDA-58730	Int Charges	300,333.34
Jun 15, 2024	IDA-58730	Int Charges	487,776.56
Jun 3, 2024	IDA-58730	Loan Disb	134,965.27
Jun 15, 2024	IDA-58730	Int Charges	57,858.45
Dec 15, 2021	IDA-58730	Int Charges	205,027.45
Dec 15, 2021	IDA-58730	Int Charges	205,027.45
Dec 15, 2021	IDA-58730	Int Charges	341,712.50
Dec 15, 2021	IDA-58730	Int Charges	3,620.46
Dec 15, 2021	IDA-58730	Loan Repay	2,055,427.60

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Implementation Progress (IP)	Moderately Satisfactory	2024-12-18
Progress towards achievement of PDO	Moderately Satisfactory	2024-12-18
Financial Management	Moderately Satisfactory	2024-12-18
Monitoring and Evaluation	Moderately Unsatisfactory	2024-12-18
Procurement	Moderately Unsatisfactory	2024-12-18
Project Management	Moderately Satisfactory	2024-12-18

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Direct project beneficiaries Value 0.00 137837.00 135000.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Female beneficiaries Value 0.00 438.00 54000.00
Date October 15, 2016 June 29, 2018 October 31, 2021
Comment
Clients who have adopted an improved agr. technology promoted by the project Value 0.00 49561.00 90500.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Clients who adopted an improved agr. technology promoted by project – female Value 0.00 25079.00 36000.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Increase in average value of sales of agriculture products due to project interventions (Market Access Indicator) Value 0.00 37.93 25.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
New Jobs generated through investments in agribusiness organizations under the project. Value 0.00 5516.00 10100.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of Small and Cluster Matching Grants approved (Window A) Value 0.00 1167.00 1000.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Training taken by project staff at all levels Value 0.00 301.00 500.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Targeted clients satisfied with agricultural services Value 0.00 77.00 75.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Number of small SME grants approved Value 0.00 326.00 300.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Targeted clients satisfied with agricultural services - female - (Core) Value 0.00 0.00 75.00
Date October 15, 2016 June 29, 2018 October 31, 2021
Comment
Number of cluster grants approved Value 0.00 841.00 700.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Client days of training provided under Components 1 and 2 Value 10000.00 160037.00 170000.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Number of large matching grants approved (Window B) Value 0.00 170.00 160.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Client days of training provided female under Components 1 and 2 Value 3000.00 69960.00 68000.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Share of project-supported farmer producer organizations under Components 1 and 2 making profit Value 0.00 61.00 70.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Number of new farmer producer organizations registered Value 0.00 114.00 80.00
Date October 15, 2016 December 5, 2023 June 30, 2023
Comment
Share of project-supported women-led farmer producer organizations under Components 1 and 2 making profit Value 0.00 84.60 70.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Share of farmer producer organizations functional Value 0.00 0.00 75.00
Date October 15, 2016 June 29, 2018 October 31, 2021
Comment
Number of clusters completed in accordance with cluster development plans Value 0.00 4.00 33.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Share of Matching Grant recipients operating based on approved business plans Value 0.00 95.00 80.00
Date October 15, 2016 December 5, 2023 December 31, 2024
Comment
Share of matching grant recipients reporting improved access to markets Value 0.00 90.00 50.00
Date June 1, 2017 December 5, 2023 December 31, 2024
Comment
Number of research reports and policy notes completed Value 0.00 10.00 20.00
Date October 15, 2016 December 10, 2023 December 31, 2024
Comment

Number of commercial partnerships or market contracts signed between producer groups and domestic/international agribusiness actors(processors, wholesalers, retailers, exporters, etc.)	Value	0.00	52.00	105.00
	Date	June 1, 2017	December 5, 2023	December 31, 2024
	Comment

Farmers adopting improved agricultural technology Value 0.00 13005.00 26500.00
Date June 1, 2017 December 5, 2023 December 31, 2024
Comment
Farmers adopting improved agricultural technology - Female Value 0.00 0.00 3000.00
Date
Comment
Farmers adopting improved agricultural technology - male Value 0.00 0.00 0.00
Date
Comment
Area provided with new/improved irrigation or drainage services Value 0.00 5324.00 10000.00
Date June 1, 2017 December 5, 2023 December 31, 2024
Comment
Area provided with new irrigation or drainage services Value 0.00 2120.00 7000.00
Date June 1, 2017 December 5, 2023 December 31, 2024
Comment
Area provided with improved irrigation or drainage services Value 0.00 3204.00 3000.00
Date June 1, 2017 December 5, 2023 December 31, 2024
Comment
km roads constructed and rehabilitated under the project Value 0.00 105.00 80.00
Date June 1, 2017 December 5, 2023 December 31, 2024
Comment

Direct project beneficiaries	Value	0.00	137837.00	135000.00
	Date	October 15, 2016	December 5, 2023	December 31, 2024
	Comment

Female beneficiaries	Value	0.00	438.00	54000.00
	Date	October 15, 2016	June 29, 2018	October 31, 2021
	Comment

Number of small SME grants approved	Value	0.00	326.00	300.00
	Date	October 15, 2016	December 5, 2023	December 31, 2024
	Comment

Number of cluster grants approved	Value	0.00	841.00	700.00
	Date	October 15, 2016	December 5, 2023	December 31, 2024
	Comment

Client days of training provided under Components 1 and 2	Value	10000.00	160037.00	170000.00
	Date	October 15, 2016	December 5, 2023	December 31, 2024
	Comment

Client days of training provided female under Components 1 and 2	Value	3000.00	69960.00	68000.00
	Date	October 15, 2016	December 5, 2023	December 31, 2024
	Comment

Farmers adopting improved agricultural technology - male	Value	0.00	0.00	0.00
	Date
	Comment

Sri Lanka Agriculture Sector Modernization Project

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of September 30, 2025

Detailed Financial Activity as of September 30, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS