The World Bank Group (WBG) has been a vital development partner for Sri Lanka for over 70 years, providing financing, advisory services, and analytical support to advance the country’s development agenda. This long-standing partnership has focused on promoting fiscal sustainability, enhancing competitiveness, and supporting Sri Lanka’s transition toward a green, resilient, and inclusive recovery.

As of March 2025, the World Bank has approved $1.85 billion for 12 active operations under the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD), which includes one initiative funded by multiple donors. Of these commitments, 36% support infrastructure development, such as transportation and urban systems. Additionally, 24% are allocated to people-focused sectors, including education, health, and social protection, while 21% support environmental initiatives related to agriculture and water. The remaining 19% focuses on prosperity, covering areas like finance, competitiveness, and governance. Furthermore, Sri Lanka benefits from $58.07 million in active trust fund resources across 26 grants.

The International Finance Corporation (IFC) has also played a significant role in promoting private sector-led growth, investing over $2 billion in sectors such as manufacturing, infrastructure, telecommunications, tourism, and energy, while also offering expert solutions. Since the onset of the COVID-19 pandemic, IFC has invested nearly $900 million to support businesses and preserve jobs. IFC's strategy for Sri Lanka will focus on fostering growth by creating jobs and mobilizing private capital.

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