1. What We Do

Accelerating Higher Education Expansion and Development Operation

Abstract*

The development objective of the Accelerating Higher Education Expansion and Development Operation Project for Sri Lanka is to increase enrollment in priority disciplines, improve the quality of degree programs, and promote research and innovation in the higher education sector. The main direct beneficiaries will be an estimated 600,000 higher education students and 5,000 academics, managers, and technical staff members who will benefit from AHEAD...

* 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

The program development objective (PDO) is to increase enrollment in priority disciplines, improve the quality of degree programs and promote research and innovation in the higher education sector.

Key Details

Project Details

  • P159995

  • Closed

  • Maya Sherpa , Harsha Aturupane

  • Ministry of Finance

  • Sri Lanka

  • February 7, 2017

  • (as of board presentation)

    May 12, 2017

  • August 17, 2017

  • US$ 100.00 million

  • Ministry of Higher Education and Cultural Affairs

  • South Asia

  • 2017

  • US$ 100.00 million

  • N/A

  • April 15, 2024

  • December 31, 2023

  • BANK APPROVED

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Tertiary Education

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 67.00
IDA Credit 33.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 67.00
IDA Commitment 33.00
IBRD + IDA Commitment 100.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 100.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

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

Detailed Financial Activity as of February 28, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Nov 15, 2019 IDA-60260 Int Charges 28,542.98
Nov 15, 2019 IDA-60260 Int Charges 28,542.98
Nov 15, 2019 IDA-60260 Int Charges 41,878.60
Feb 27, 2020 IBRD-87430 Loan Disb 2,000,000.00
Jan 28, 2020 IBRD-87430 Loan Disb 400,000.00
Dec 27, 2019 IBRD-87430 Loan Disb 2,000,000.00
Jan 16, 2019 IDA-60260 Loan Disb 2,529,833.50
Nov 15, 2018 IDA-60260 Int Charges 12,277.84
Nov 15, 2018 IDA-60260 Int Charges 12,277.84
Nov 15, 2018 IDA-60260 Int Charges 20,463.09
Jan 11, 2019 IBRD-87430 Loan Disb 2,700,000.00
May 15, 2019 IDA-60260 Int Charges 39,275.23
May 15, 2019 IBRD-87430 Int Charges 76,483.93
May 15, 2019 IBRD-87430 Int Charges 100,036.32
May 15, 2019 IDA-60260 Int Charges 498.33
May 15, 2019 IDA-60260 Int Charges 498.33
May 15, 2019 IDA-60260 Int Charges 23,066.80
May 15, 2019 IDA-60260 Int Charges 23,066.80
Aug 17, 2017 IBRD-87430 Loan Disb 167,500.00
Aug 17, 2017 IBRD-87430 Fee Charges 167,500.00
Nov 15, 2017 IBRD-87430 Int Charges 967.32
Jun 7, 2018 IDA-60260 Loan Disb 2,561,634.00
Jun 7, 2018 IBRD-87430 Loan Disb 320,000.00
Aug 13, 2018 IDA-60260 Loan Disb 2,143,811.00
Aug 13, 2018 IBRD-87430 Loan Disb 1,570,000.00
May 21, 2018 IBRD-87430 Loan Disb 823,984.25
May 15, 2018 IBRD-87430 Int Charges 27,923.17
May 15, 2018 IBRD-87430 Int Charges 82,854.00
May 15, 2018 IBRD-87430 Int Charges 2,088.54
Nov 15, 2018 IBRD-87430 Int Charges 81,858.98
Nov 15, 2018 IBRD-87430 Int Charges 35,462.16
Jan 31, 2019 IBRD-87430 Loan Disb 1,000,000.00
May 15, 2022 IDA-60260 Int Charges 100,253.77
May 15, 2022 IDA-60260 Int Charges 350,219.90
May 15, 2022 IBRD-87430 Int Charges 99.63
May 15, 2022 IDA-60260 Int Charges 100,253.77
May 15, 2022 IBRD-87430 Int Charges 352.95
May 15, 2022 IBRD-87430 Int Charges 27,580.72
May 15, 2022 IBRD-87430 Int Charges 256,624.75
Apr 11, 2022 IBRD-87430 Loan Disb 4,000,000.00
Jul 11, 2022 IBRD-87430 Loan Disb 1,500,000.00
Jun 27, 2022 IBRD-87430 Loan Disb 150,000.00
May 15, 2022 IDA-60260 Loan Repay 2,804.53
May 15, 2022 IDA-60260 Loan Repay 532,963.50
Jun 28, 2022 IBRD-87430 Loan Disb -50,318,984.00
Jun 28, 2022 IBRD-87430 Loan Disb 50,318,984.00
Oct 7, 2021 IBRD-87430 Loan Disb 373,000.00
Nov 15, 2021 IBRD-87430 Int Charges 208,886.86
Nov 15, 2021 IBRD-87430 Int Charges 2,391.67
Nov 15, 2021 IBRD-87430 Int Charges 38,350.91
Nov 15, 2021 IBRD-87430 Int Charges 652.78
Aug 31, 2021 IDA-60260 Loan Disb 5,697,040.00
Nov 15, 2021 IDA-60260 Int Charges 116,154.92
Nov 15, 2021 IDA-60260 Int Charges 1,156.33
Nov 15, 2021 IDA-60260 Int Charges 69,692.96
Nov 15, 2021 IDA-60260 Int Charges 69,692.96
Dec 2, 2021 IDA-60260 Loan Disb 7,002,550.00
Dec 2, 2021 IBRD-87430 Loan Disb 5,000,000.00
Nov 15, 2020 IBRD-87430 Int Charges 65,050.59
Nov 15, 2020 IDA-60260 Int Charges 57,092.18
Nov 15, 2020 IDA-60260 Int Charges 57,092.18
Nov 15, 2020 IBRD-87430 Int Charges 110,405.59
Nov 15, 2020 IDA-60260 Int Charges 97,365.36
May 15, 2021 IBRD-87430 Int Charges 149,805.02
Apr 20, 2021 IBRD-87430 Loan Disb 3,800,000.00
May 14, 2021 IBRD-87430 Loan Disb 304,500.00
May 24, 2021 IBRD-87430 Loan Disb 4,000,000.00
Aug 5, 2020 IBRD-87430 Loan Disb 500,000.00
Dec 29, 2020 IBRD-87430 Loan Disb 500,000.00
Mar 2, 2021 IBRD-87430 Loan Disb 3,100,000.00
Nov 15, 2020 IDA-60260 Int Charges 1,537.15
Nov 15, 2020 IDA-60260 Int Charges 1,537.15
Dec 11, 2020 IBRD-87430 Loan Disb 5,000,000.00
May 15, 2021 IBRD-87430 Int Charges 10,041.09
May 15, 2021 IBRD-87430 Int Charges 50,249.33
May 15, 2021 IDA-60260 Int Charges 354.83
May 15, 2021 IDA-60260 Int Charges 62,376.28
May 15, 2021 IDA-60260 Int Charges 62,376.28
May 15, 2021 IDA-60260 Int Charges 102,776.31
May 15, 2021 IBRD-87430 Int Charges 1,864.75
May 15, 2020 IDA-60260 Int Charges 39,354.00
May 15, 2020 IDA-60260 Int Charges 65,589.98
Jun 18, 2020 IDA-60260 Loan Disb 4,141,170.00
Sep 15, 2020 IBRD-87430 Loan Disb 3,000,000.00
Oct 16, 2020 IBRD-87430 Loan Disb 3,000,000.00
Dec 4, 2019 IBRD-87430 Loan Disb 2,500,000.00
Feb 26, 2020 IDA-60260 Loan Disb 2,050,680.00
May 15, 2020 IBRD-87430 Int Charges 69,105.41
May 15, 2020 IBRD-87430 Int Charges 162,709.16
May 15, 2020 IDA-60260 Int Charges 6,382.01
May 15, 2020 IDA-60260 Int Charges 39,354.00
Nov 15, 2019 IBRD-87430 Int Charges 76,143.89
Nov 15, 2019 IBRD-87430 Int Charges 117,399.06
Oct 1, 2019 IDA-60260 Loan Disb 2,587,838.00
Nov 15, 2019 IDA-60260 Int Charges 455.97
Nov 15, 2019 IDA-60260 Int Charges 455.97
Nov 15, 2022 IBRD-87430 Int Charges 3,450.72
Nov 15, 2022 IBRD-87430 Int Charges 19,572.99
Nov 15, 2022 IBRD-87430 Int Charges 171,099.77
Nov 15, 2022 IBRD-87430 Int Charges 870,798.00
Nov 15, 2022 IBRD-87430 Int Charges 931.50
Nov 15, 2022 IBRD-87430 Int Charges -931.50
Nov 15, 2022 IBRD-87430 Int Charges -3,450.72
Nov 15, 2022 IBRD-87430 Int Charges -19,572.99
Apr 13, 2023 IBRD-87430 Loan Disb 1,010,000.00
Jan 31, 2022 IBRD-87430 Loan Disb 4,000,000.00
Feb 25, 2022 IBRD-87430 Loan Disb 260,000.00
Dec 1, 2022 IDA-60260 Loan Disb 2,230,140.00
Nov 28, 2022 IDA-60260 Loan Disb 2,831,786.50
Oct 27, 2022 IBRD-87430 Loan Disb 346,633.56
Oct 27, 2022 IBRD-87430 Loan Disb -346,633.56
Nov 15, 2022 IDA-60260 Loan Repay 35,988.09
Nov 15, 2022 IDA-60260 Loan Repay 493,821.44
Nov 15, 2022 IDA-60260 Int Charges 99,482.38
Nov 15, 2022 IDA-60260 Int Charges 99,482.38
Nov 15, 2022 IDA-60260 Int Charges 331,892.80
Nov 15, 2022 IBRD-87430 Int Charges 931.50
Nov 15, 2022 IBRD-87430 Int Charges 3,450.72
Nov 15, 2022 IBRD-87430 Int Charges 19,572.99
Nov 15, 2022 IBRD-87430 Int Charges 171,099.77
Nov 15, 2022 IBRD-87430 Int Charges 870,798.00
May 12, 2017 IBRD-87430 Loan Commitment 67,000,000.00
May 12, 2017 IDA-60260 Loan Commitment 33,000,000.00
May 31, 2024 IBRD-87430 Loan Disb -0.02
May 15, 2024 IDA-60260 Int Charges 4,872.25
May 15, 2024 IBRD-87430 Int Charges 3,065.55
May 15, 2024 IBRD-87430 Int Charges 1,928.88
May 15, 2024 IBRD-87430 Int Charges 480,814.75
May 15, 2024 IBRD-87430 Int Charges 1,098,966.60
May 31, 2024 IBRD-87430 Loan Disb -108,784.09
May 15, 2024 IDA-60260 Loan Repay 532,768.60
May 15, 2024 IDA-60260 Int Charges 113,092.25
May 15, 2024 IDA-60260 Int Charges 113,092.25
May 15, 2024 IDA-60260 Int Charges 188,487.11
Nov 15, 2023 IDA-60260 Int Charges 187,372.70
Nov 15, 2023 IBRD-87430 Int Charges 221.38
Nov 15, 2023 IBRD-87430 Int Charges 7,717.92
Nov 15, 2023 IBRD-87430 Int Charges 8,499.45
Nov 15, 2023 IBRD-87430 Int Charges 319,226.12
Nov 15, 2023 IBRD-87430 Int Charges 1,033,887.44
Nov 15, 2023 IDA-60260 Int Charges 7,303.20
Nov 15, 2023 IDA-60260 Loan Repay 533,988.50
Nov 15, 2023 IDA-60260 Int Charges 115,353.61
Nov 15, 2023 IDA-60260 Int Charges 115,353.61
Dec 4, 2023 IBRD-87430 Loan Disb 4,000,000.00
Aug 7, 2023 IBRD-87430 Loan Disb 425,000.00
Jun 7, 2023 IBRD-87430 Loan Disb 4,000,000.00
May 15, 2023 IDA-60260 Int Charges 15,949.44
May 15, 2023 IDA-60260 Loan Repay 540,554.94
May 15, 2023 IDA-60260 Int Charges 188,043.27
May 15, 2023 IBRD-87430 Int Charges 2,621.70
May 15, 2023 IBRD-87430 Int Charges 77,573.13
May 15, 2023 IBRD-87430 Int Charges 16,926.66
May 15, 2023 IBRD-87430 Int Charges 996,791.10
May 15, 2023 IDA-60260 Int Charges 117,261.76
May 15, 2023 IDA-60260 Int Charges 117,261.76
Mar 14, 2023 IBRD-87430 Loan Disb 3,500,000.00
May 31, 2023 IBRD-87430 Loan Disb 50,273.82
Nov 15, 2022 IBRD-87430 Int Charges -171,099.77
Nov 15, 2022 IBRD-87430 Int Charges -870,798.00
Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Monitoring and Evaluation Satisfactory 2023-07-20
Overall Implementation Progress (IP) Satisfactory 2023-07-20
Progress towards achievement of PDO Satisfactory 2023-07-20

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 12-04-2024PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingHighly Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualityHighN/a
M&e QualityHighN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Enrollment in HEI STEM undergraduate degree programs increasedValue42800.0069029.000.00
    DateMarch 31, 2017June 20, 2023
    Comment
  • Increased quality assurance of the university systemValueA QA review system has been developed. A new sequeQuality assurance reviews of 100% of universities
    DateMarch 31, 2017December 29, 2023
    Comment
  • University-level systems for Research and Development Innovation, and Commercialization (RDIC) programs developed and outcomes achievedValue091 RDIC projects have already achieved 80 percent
    DateMarch 31, 2017June 20, 2023
    Comment
  • Enrollment in SLIATE STEM programs increasedValue6000.0010321.000.00
    DateMarch 31, 2017June 20, 2023
    Comment
  • Faculty-level systems for ELTA and ELSE through competitive grants developed and outcomes achievedValue035 faculties awarded ELTA-ELSE grants have achieve
    DateMarch 31, 2017June 20, 2023
    Comment
  • Students benefiting from direct interventions to enhance learningValue0.00120000.0095000.00
    DateAugust 31, 2017June 20, 2023December 31, 2022
    Comment
  • Students benefiting from direct interventions to enhance learning - FemaleValue0.0059000.0056000.00
    Date
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • University IQAUs function to specified standardsValue0.00100.000.00
    DateMarch 31, 2017June 20, 2023
    Comment
  • Universities develop business linkage (UBL) offices functioning to specified standardsValueUBL guidelines issued by UGCUBL offices functioning to specified standards in
    DateMarch 31, 2017June 20, 2023
    Comment
  • Citizen engagement: Stakeholder feedback surveys conductedValue0End-term stakeholder feedback survey conducted and
    DateMarch 31, 2017December 30, 2022
    Comment
  • Percentage of cash released, by Treasury against the cash requests, for the items in the program expenditure framework channeled through the regular treasury systemValue95.0097.000.00
    DateMarch 31, 2017June 20, 2023
    Comment
  • Number of entity audit reports available within stipulated time period after end of financial yearValue10 out of 17 entities had the FY14 audit reports a70%
    DateMarch 31, 2017June 20, 2023
    Comment
  • SLIATE STEM programs increase intakeValue2000.005357.000.00
    DateMarch 31, 2017June 20, 2023
    Comment