Annual Report 2008 - Ministry of Finance and Planning

5. Foreign Financing of the Budget
209
Disbursement of Foreign Funds 2008
Total disbursement made during the year 2008 was US$
1,226 million. Of which loans accounted for US$ 932 million
(76 percent) and grants accounted for US$ 294 million (24
percent).
The disbursement in 2008 is remarkable as it is the highest
disbursement reported in the history. Until 2008, US$ 1146
million was the highest disbursement recorded in 2006.
Table 5.5 gives disbursement of funds by donors/creditors
during 2008.
Table 5.5
Disbursement of Foreign Financing 2007 – 2008 in US$ Million
Donor 2008 2007
Loan Grant Total
Bilateral 397.4 79.9 477.3 656.0
Japan 263.3 15.4 278.7 229.4
China 46.3 0.8 47.1 180.8
Denmark 9.2 9.2 20.8
France 20.9 20.9 11.2
Germany 8.7 27.9 36.6 79.9
India 0.5 0.5 14.7
Korea 14.2 2.8 17.0 38.8
Kuwait 8.2 8.2 4.6
Sweden 0.8 1.4 2.2 16.5
Spain 20.2 20.2 13.3
USA 30.6 30.6 32.2
Other Bilateral 5.1 1.0 6.1 13.8
Multilateral 380.1 213.7 593.8 392.3
ADB 248.2 41.7 289.9 173.6
World Bank 96.0 49.6 145.6 122.0
European Investment Bank 28.7 28.7 42.0
European Union 24.0 24.0 11.0
UN Agencies 5.3 98.4 103.7 36.3
Other Multilateral 1.9 1.9 7.4
Export Credit 154.5 154.5 79.6
Total 932.0 293.6 1,225.6 1,127.8
Source: Department of External Resources
* Note: Capital Market borrowing of US$ 150 million not included
Ministry of Finance and Planning Sri Lanka
Annual Report 2008