Annual Report 2008 - Ministry of Finance and Planning

5. Foreign Financing of the Budget
210
Total disbursement in 2008 has increased by US$ 98
million or 8.7 percent compared to 2007. Disbursements
from the multilateral donors have increased by US$ 202
million or 51 percent in 2008 whereas disbursements from
bilateral donors have decreased by US$ 179 million or 27
percent. Utilization of funds from export credit agencies
have increased sharply from US$ 80 million to 155 million
which represents an increase of 94 percent compared to the
previous year disbursement.
Southern Expressway Project, Upper Kotmale Hydro Power
Project, Provincial Road Improvement Project and Walawe
Left Bank Irrigation Project. The World Bank disbursed
US$ 144 million mainly for Road Sector Assistance Project,
Gami Diriya Project and North East Housing Reconstruction
Project recorded the highest disbursement.
Chart 5.3
The Asian Development Bank, the Government of Japan and
the World Bank were the three main donors reported highest
disbursement during 2008. These donors disbursed US$ 714
million or 58 percent of the total disbursement. The Asian
Development Bank disbursed US$ 290 million mainly from
the projects in roads, water supply, power and port sectors.
Colombo Port Expansion Project, Secondary Towns Rural
Community Water Supply/Sanitation Project and Southern
Expressway Development Project were the main projects
which reported highest disbursements during 2008. The
Government of Japan disbursed US$ 279 million mainly for
Ministry of Finance and Planning Sri Lanka
Annual Report 2008