Sri Lanka: Fiscal Management Reform Program (Program Loan)

Sovereign Project | 36168-013

Latest Project Documents


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Project Name Fiscal Management Reform Program (Program Loan)
Project Number 36168-013
Country Sri Lanka
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2130-SRI: Fiscal Management Reform Program (Program Loan)
Ordinary capital resources US$ 45.00 million
Loan 2131-SRI: Fiscal Management Reform Program (Project Loan)
Asian Development Fund US$ 10.00 million
Loan 2132-SRI: Fiscal Management Reform (Project Loan)
Ordinary capital resources US$ 15.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector Public sector management - Public expenditure and fiscal management
Gender Equity and Mainstreaming No gender elements
Description The Fiscal Management Sector Development Program (FMSDP) supports the strengthening of the public finances by improving public resource and expenditure management systems, promoting fiscal discipline and supporting fiscal decentralization. The FMSDP will help create an enabling environment to foster mobilization of tax revenues, improve effectiveness of public expenditures and ultimately place public finances on a sustainable path.
Project Rationale and Linkage to Country/Regional Strategy tbd
Impact Strengthened public finances
Project Outcome
Description of Outcome Necessary conditions for improved public finances in place and functioning as intended
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Creation of a modernized revenue administration

Better tax collection/compliance and strengthened systems

A streamlined budget procedure

Management of off-budget and expenditure borrowings strengthened

Improved budget estimates

Fiscal decentralization process strengthened

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Sri Lanka
Safeguard Categories
Environment C
Involuntary Resettlement
Indigenous Peoples
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services Not required.
Procurement The loan proceeds will be used to finance the full foreign exchange costs of items produced and procured in ADB member countries, other than items specified in the negative list of ineligible items and imports financed by other multilateral and bilateral official sources.
Responsible ADB Officer Syed Ali-Mumtaz H. Shah
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of Finance and PlanningUPALI@ERD.GOV.LKP.O. Box 277
The Secretariat Building, Colombo 1
Sri Lanka
Ministry of Finance and PlanningP.O. Box 277
The Secretariat Building, Colombo 1
Sri Lanka
Timetable
Concept Clearance 02 Mar 2003
Fact Finding 18 Aug 2003 to 26 Aug 2003
MRM 13 Oct 2003
Approval 14 Dec 2004
Last Review Mission -
PDS Creation Date 01 Feb 2007
Last PDS Update 24 Jul 2008

Loan 2130-SRI

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 Dec 2004 20 Dec 2004 21 Dec 2004 30 Jun 2008 - 11 Jun 2008
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 45.00 Cumulative Contract Awards
ADB 45.00 14 Dec 2004 45.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 14 Dec 2004 45.00 0.00 100%

Loan 2131-SRI

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 Dec 2004 20 Dec 2004 21 Dec 2004 30 Jun 2008 31 Dec 2010 09 Oct 2014
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 10.00 Cumulative Contract Awards
ADB 10.00 14 Dec 2004 7.29 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 14 Dec 2004 7.29 0.00 100%

Loan 2132-SRI

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 Dec 2004 20 Dec 2004 21 Dec 2004 30 Jun 2008 31 Dec 2011 27 Dec 2013
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 15.00 Cumulative Contract Awards
ADB 15.00 14 Dec 2004 11.29 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 14 Dec 2004 11.29 0.00 100%
Title Document Type Document Date
Fiscal Management Reform Program Project/Program Completion Reports Nov 2012
Fiscal Management Reform Program Progress Reports on Tranche Releases May 2006
Fiscal Management Reform Program Reports and Recommendations of the President Nov 2004

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


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