## Cabinet Clears US$ 50 Mn World Bank Financing for Digital Transformation š
The Cabinet of Ministers has approved a $ 50 million (SDR equivalent) financing agreement with the World Bank to propel the Sri Lanka Digital Transformation Project under the Digital Economy Strategy (2025ā2030). ā¢ Core Objective: To modernize public service delivery via digital platforms, focusing on enhancing efficiency, transparency, and accessibility across government sectors. ā¢ Implementing Framework: The project will be executed by GovTech Sri Lanka Ltd, with policy supervision provided by the Digital Economy Ministry. The Ministry of Finance will act as the official borrower. ā¢ Economic Impact: This initiative aims to strengthen Digital Public Infrastructure (DPI) and streamline government processes to build a competitive, technology-driven economy over the medium term. ā¢ Legal Compliance: Financing terms have been vetted by the Public Debt Management Office in alignment with the Public Debt Management Act No. 33 of 2024. ā¢ Current Status: Loan negotiations are successfully concluded following initial project approval in October 2025.