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Sri Lanka Central Bank Strengthening

Abstract*

The objective of the Central Bank Strengthening Project is to help restructure and reorganiza the Central Bank of Sri Lanka. The project has three main project components and several sub-components. The first component supports Central Bank reorganization and restructuring by establishing a fully professional human resources department and reforming human resources policies; financing a voluntary retirement scheme as Bank functions are streamlined...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

Fundamental restructuring of the Central bank to transform the institution to a modern, strong, and efficient central bank. The process involves: Important and fundamental changes of its human resources and right-sizing the institution through implementation o f the Voluntary Retirement Scheme (VRS); Upgrading the payments and settlement system; Improving the monetary policy, exchange and foreign reserve management and to promote government securities market; and Strengthening the regulatory framework to pave the way for broader range of financial activities in debt and securities market.

Key Details

Project Details

  • P071131

  • Closed

  • Sriyani M. Hulugalle

  • N/A

  • Sri Lanka

  • August 31, 2000

  • (as of board presentation)

    June 19, 2001

  • August 24, 2001

  • US$ 42.00 million

  • N/A

  • South Asia

  • 2001

  • US$ 31.30 million

  • C

  • Not Applicable

  • December 31, 2005

  • BANK APPROVED

  • January 15, 2013

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
SWEDEN: Swedish Intl. Dev. Cooperation Agency (SIDA) 1.00
Borrower/Recipient 10.70
IDA Credit 30.30

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 30.30
IBRD + IDA Commitment 30.30
Lending Instrument
Grant Amount 1.00
Total Project Cost** 42.00

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

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Mar 15, 2023 IDA-35250 Loan Repay 9,549.42
Mar 15, 2023 IDA-35250 Int Charges 87,319.17
Mar 15, 2023 IDA-35250 Int Charges 87,319.17
Mar 15, 2023 IDA-35250 Loan Repay 619,777.00
Jun 19, 2001 IDA-35250 Loan Commitment 30,300,000.00
Mar 15, 2024 IDA-35250 Loan Repay 19,203.36
Mar 15, 2024 IDA-35250 Loan Repay 0.01
Mar 15, 2024 IDA-35250 Loan Repay 610,293.20
Mar 15, 2024 IDA-35250 Int Charges 82,621.55
Mar 15, 2024 IDA-35250 Int Charges 82,621.55
Mar 15, 2024 IDA-35250 Int Charges -0.01
Mar 15, 2024 IDA-35250 Int Charges -0.01
Mar 15, 2014 IDA-35250 Int Charges 6,613.24
Mar 15, 2014 IDA-35250 Int Charges 6,613.24
Mar 15, 2014 IDA-35250 Loan Repay 366,571.30
Mar 15, 2014 IDA-35250 Int Charges 125,234.81
Mar 15, 2014 IDA-35250 Int Charges 125,234.81
Sep 15, 2013 IDA-35250 Int Charges 122,778.42
Sep 15, 2013 IDA-35250 Int Charges 122,778.42
Sep 15, 2013 IDA-35250 Loan Repay 10,936.15
Sep 15, 2013 IDA-35250 Loan Repay 348,106.84
Mar 15, 2015 IDA-35250 Loan Repay 14,648.02
Mar 15, 2015 IDA-35250 Loan Repay 309,391.22
Mar 15, 2015 IDA-35250 Int Charges 113,009.02
Mar 15, 2015 IDA-35250 Int Charges 113,009.02
Sep 15, 2014 IDA-35250 Int Charges 124,958.28
Sep 15, 2014 IDA-35250 Int Charges 124,958.28
Sep 15, 2014 IDA-35250 Int Charges 5,180.06
Sep 15, 2014 IDA-35250 Int Charges 5,180.06
Sep 15, 2014 IDA-35250 Loan Repay 354,490.53
Mar 15, 2016 IDA-35250 Int Charges 4,046.10
Sep 15, 2015 IDA-35250 Loan Repay 18,053.74
Sep 15, 2015 IDA-35250 Loan Repay 315,343.34
Sep 15, 2015 IDA-35250 Int Charges 110,927.57
Sep 15, 2015 IDA-35250 Int Charges 110,927.57
Sep 15, 2016 IDA-35250 Int Charges 109,673.85
Sep 15, 2016 IDA-35250 Int Charges 109,673.85
Mar 15, 2016 IDA-35250 Loan Repay 329,435.53
Mar 15, 2016 IDA-35250 Int Charges 109,160.10
Mar 15, 2016 IDA-35250 Int Charges 109,160.10
Mar 15, 2016 IDA-35250 Int Charges 4,046.10
Sep 15, 2016 IDA-35250 Int Charges 3,275.48
Sep 15, 2016 IDA-35250 Int Charges 3,275.48
Sep 15, 2016 IDA-35250 Loan Repay 330,988.47
Sep 15, 2017 IDA-35250 Int Charges 100,578.48
Sep 15, 2017 IDA-35250 Int Charges 100,578.48
Mar 15, 2017 IDA-35250 Int Charges 106,467.33
Mar 15, 2017 IDA-35250 Int Charges 106,467.33
Mar 15, 2017 IDA-35250 Int Charges 1,961.40
Mar 15, 2017 IDA-35250 Int Charges 1,961.40
Mar 15, 2017 IDA-35250 Loan Repay 319,002.25
Mar 15, 2018 IDA-35250 Int Charges 10,698.10
Mar 15, 2018 IDA-35250 Int Charges 10,698.10
Mar 15, 2018 IDA-35250 Loan Repay 343,511.25
Mar 15, 2018 IDA-35250 Int Charges 105,544.92
Mar 15, 2018 IDA-35250 Int Charges 105,544.92
Sep 15, 2017 IDA-35250 Loan Repay 522.57
Sep 15, 2017 IDA-35250 Loan Repay 336,020.56
Sep 15, 2018 IDA-35250 Int Charges 6,298.80
Sep 15, 2018 IDA-35250 Loan Repay 331,553.38
Sep 15, 2018 IDA-35250 Int Charges 106,701.17
Sep 15, 2018 IDA-35250 Int Charges 106,701.17
Sep 15, 2018 IDA-35250 Int Charges 6,298.80
Mar 15, 2019 IDA-35250 Int Charges 223.47
Mar 15, 2019 IDA-35250 Int Charges 223.47
Mar 15, 2019 IDA-35250 Loan Repay 329,109.34
Mar 15, 2019 IDA-35250 Int Charges 104,903.94
Mar 15, 2019 IDA-35250 Int Charges 104,903.94
Mar 15, 2020 IDA-35250 Loan Repay 3,596.23
Mar 15, 2020 IDA-35250 Loan Repay 322,156.70
Mar 15, 2020 IDA-35250 Int Charges 101,390.93
Mar 15, 2020 IDA-35250 Int Charges 101,390.93
Sep 15, 2019 IDA-35250 Loan Repay 923.14
Sep 15, 2019 IDA-35250 Loan Repay 323,650.30
Sep 15, 2019 IDA-35250 Int Charges 102,240.97
Sep 15, 2019 IDA-35250 Int Charges 102,240.97
Mar 15, 2021 IDA-35250 Int Charges 8,183.53
Mar 15, 2021 IDA-35250 Int Charges 8,183.53
Mar 15, 2021 IDA-35250 Loan Repay 337,646.97
Mar 15, 2021 IDA-35250 Int Charges 102,560.61
Mar 15, 2021 IDA-35250 Int Charges 102,560.61
Sep 15, 2020 IDA-35250 Loan Repay 333,825.60
Sep 15, 2020 IDA-35250 Int Charges 94,850.51
Sep 15, 2020 IDA-35250 Int Charges 94,850.51
Sep 15, 2020 IDA-35250 Loan Repay 1,022.79
Mar 15, 2022 IDA-35250 Int Charges 746.71
Mar 15, 2022 IDA-35250 Int Charges 746.71
Mar 15, 2022 IDA-35250 Loan Repay 652,060.30
Mar 15, 2022 IDA-35250 Int Charges 95,363.95
Mar 15, 2022 IDA-35250 Int Charges 95,363.95
Mar 15, 2022 IDA-35250 Int Charges 174,198.12
Sep 15, 2021 IDA-35250 Int Charges 100,346.59
Sep 15, 2021 IDA-35250 Int Charges 100,346.59
Sep 15, 2021 IDA-35250 Loan Repay 670,381.30
Sep 15, 2021 IDA-35250 Loan Repay 3,741.62
Sep 15, 2022 IDA-35250 Loan Repay 593,046.90
Sep 15, 2022 IDA-35250 Int Charges 87,231.77
Sep 15, 2022 IDA-35250 Int Charges 87,231.77
Sep 15, 2022 IDA-35250 Int Charges 159,343.34
Sep 15, 2022 IDA-35250 Loan Repay 19,105.00
Sep 15, 2023 IDA-35250 Loan Repay 9,243.12
Sep 15, 2023 IDA-35250 Loan Repay 614,164.60
Sep 15, 2023 IDA-35250 Int Charges 84,160.18
Sep 15, 2023 IDA-35250 Int Charges 84,160.18

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Highly Satisfactory 2005-12-14
Project Management Highly Satisfactory 2005-12-14
Counterpart Funding Highly Satisfactory 2005-12-14
Monitoring and Evaluation Satisfactory 2005-12-14
Overall Implementation Progress (IP) Highly Satisfactory 2005-12-14
Financial Management Highly Satisfactory 2005-12-14
Procurement Highly Satisfactory 2005-12-14

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 07-19-2006PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingHighly Satisfactory N/a
Risk To Development OutcomeNot RatedN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceHighly SatisfactoryN/a
Government PerformanceHighly SatisfactoryN/a
Implementing AgencyHighly SatisfactoryN/a
Icr QualityUnsatisfactoryN/a
M&e QualityNot RatedN/a

Results Framework

No data available.