Annual Report 2008 - Ministry of Finance and Planning

5. Foreign Financing of the Budget
218
Box 5.4
Development Assistance from World Bank
The World Bank portfolio comprises of 16 projects with an
average project implementation period of four years. The
total value of the resource envelope is approximately US$
987.5 mn of which about US$ 260 mn is in the form of
grants.
During the period from 2005 to 2008 the World Bank has
provided US$ 539 million as soft loans and US$ 102 million
as grants in which the highest amount of commitment was
recorded in 2008 of US$ 281million. The annual average of
the World Bank commitment for these years was US$ 160
million.
During the period from 2005 to 2008 the annual average
disbursement of the World Bank assistance was US$ 147
million.
Disbursement( US$ mn)
Year 2005 2006 2007 2008
Credit 112.9 100.1 74.07 95.1
Grant 41.4 67.8 47.91 48.7
Total 154.3 167.9 121.98 143.8
World Bank Commitment (US$ mn)
Year 2005 2006 2007 2008 Total
Credit 128 100 32 279 539
Grant 15 85 0 2 102
Total 143 185 32 281 641
Ministry of Finance and Planning Sri Lanka
Annual Report 2008