header logo
Asia asset finance
Latest
World Bank approves US$ 50M project to support Sri Lanka’s digital transformation
Dec 20, 202508:47 AM
World Bank approves US$ 50M project to support Sri Lanka’s digital transformation

The World Bank Board of Executive Directors has approved a US$50 million project to support Sri Lanka’s digital transformation.

 

The project will promote innovation and investment in Sri Lanka’s digital sector, modernize government services, and make them easier to access and more responsive to the needs of people and businesses, the World Bank Group said in a statement.

 

The Sri Lanka Digital Transformation Project will support practical, people-centric digital solutions, including an integrated online citizen service portal for government services, a secure system for sharing data across government agencies to improve efficiency and transparency, a digital locker for storing digital documents, and a government cloud platform that can be scaled as demand increases.

 

These investments in Sri Lanka’s digital public infrastructure will be complemented by training programmes to help citizens and public servants use these new digital services with confidence.

 

“Digital transformation is a powerful driver of inclusive growth and better services,” said Gevorg Sargsyan, World Bank Group Country Manager for Sri Lanka and Maldives. “By investing in core digital platforms and skills, this project will improve how services are delivered to people and businesses and create new opportunities for private sector-led innovation.”

 

Beyond improving public services, the project will also help strengthen Sri Lanka’s technology and start-up sector. Through a digital start-up accelerator, the project will foster innovation, strengthen the local start-up ecosystem, and encourage female entrepreneurship.

 

Mid-sized technology firms will also benefit from targeted programmes to help them reach customers and investors in international markets. These efforts are expected to attract around US$10 million in private investment over time, supporting job creation and higher IT export earnings, it said.

 

“Better digital government and a stronger IT sector go hand in hand,” said Anna Metz, World Bank Senior Digital Specialist and Task Team Leader. “As public services go digital, demand grows for local technology solutions. At the same time, a more competitive IT sector strengthens Sri Lanka’s ability to develop and maintain modern digital systems.”

 

The project builds on the work done by the International Finance Corporation (IFC), the private sector arm of the World Bank Group, which has supported Sri Lanka’s start-up and innovation ecosystem through investment and advisory services.

 

In addition, the project will strengthen Sri Lanka’s ability to prepare for and respond to emergencies. As the country faces increasingly frequent cyclones and climate-related disasters, robust digital systems can support data-driven decision-making, real-time information sharing across government agencies, and better coordination of emergency services and relief. Digital service delivery will also ensure that essential government services can continue during crises and allow authorities to quickly identify affected communities, share critical information, and deliver assistance electronically.

 

The project will be implemented by GovTech Sri Lanka (Pvt) Limited, in close collaboration with the Ministry of Digital Economy, it added.

 

Aligned with Sri Lanka’s national development goals and the World Bank Group’s Country Partnership Framework, the project reflects a shared commitment to leveraging digital technologies to improve public services, strengthen public sector efficiency and governance, and build an inclusive digital future for Sri Lanka.

 

 

 

MostRead
Mobitel 5g
VideoStories
Cabinet Spokesman rejects accusations, says Suresh Sallay treated like any other detainee (English)

Cabinet Spokesman rejects accusations, says Suresh Sallay treated like any other detainee (English)

Minister claims funds transferred to foreign companies via ‘TT’ payment method, posing as importers

Minister claims funds transferred to foreign companies via ‘TT’ payment method, posing as importers

Suresh Sallay continues hunger strike; UNP calls for parliamentary review of treatment (English)

Suresh Sallay continues hunger strike; UNP calls for parliamentary review of treatment (English)

“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Govt assures fair paddy prices aligned with farmers' production costs

Govt assures fair paddy prices aligned with farmers' production costs

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

Lassana Flora