Countries and Regions

	Table of Contents
p. 17 of 20 BACK | NEXT I. Country Performance Assessment II. Country Operational Strategy III. Sector Strategies IV. Regional Cooperation V. Donor Activities and Aid Coordination VI. Cofinancing and Catalyzing External Resources VII. ADB’s Operational Program VIII. Economic and Sector Work Program IX. Local Cost Financing

Country Assistance Plans - Sri Lanka

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VI. Cofinancing and Catalyzing External Resources

91. ADB will continue its efforts to mobilize resources from other sources for its operations in Sri Lanka. In the past, official cofinancing played the major role and it will continue to do so, while ADB will pursue commercial cofinancing, including financing from export credit agencies, for commercially viable projects. Since the mid-1990s more attention has been accorded to closer coordination of donor policies and programs in Sri Lanka. Simultaneously, the ADB has placed greater emphasis on the identification of opportunities for project cofinancing. Japan, France, Norway, Netherlands, Nordic Development Fund, Organization of Petroleum Exporting Countries Fund and Australia are donors that have ongoing cofinancing arrangements with the ADB. Germany, GEF, and UNDP, among others, have expressed interest in exploring cofinancing arrangements in areas including such as environment and natural resources conservation and social infrastructure development.

92. ADB’s 2000 Country Programming Mission had extensive discussions with the Government and the donor community regarding cofinancing possibilities. It was confirmed that significant potential for cofinancing exists in the period 2001-2003. All of the 14 projects in the pipeline in this period have the potential to secure cofinancing from Japan Bank for International Cooperation (JBIC), Japan International Cooperation Agency, the World Bank, Germany, Sweden, Netherlands³⁵ , Norway, Australia and others. The ADB, with the assistance of SLRM, will actively follow-up on the cofinancing opportunities.

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