Committments 2017

To finance the public investments recognized in 2017- 2020 Medium Term Fiscal Framework in-lining with public debt management targets, the Government has entered into 49 foreign financing agreements under Official Development Assistance (ODA) in 2017 with foreign creditors and lending agencies amounted to US$ 2,522.1 million of Official Development Assistance (ODA). Of which,  US$ 2,281.4 million was committed as loans through 26 loan agreements, and US$ 240.7 million was committed as the form of grants through 23 grant agreements. The highest amount of ODA made in 2017, was committed by China followed by Japan and World Bank respectively.  They are to be utilized in next 3-4 years mainly in the sectors of infrastructure development such as Water Supply & Sanitation, Ground Transport, Road and Bridges and Irrigation sectors.

 

Total ODA Commitments Made in 2017

 Committments 2017

 Source : Department of External Resources

Note: values converted into US$ as per the prevailing exchange rates of each agreement date   

 

 

Water Supply and Sanitation sector received highest commitments in 2017, which accounted to US$ 701.7 million or 29 percent of the total ODA commitments. They are to be utilized mainly in following flagship projects; Japan funded Kalu Ganga Water Supply Expansion Project (I) (US$ 279.5 million), China funded Kandy North Pathadumbara Integrated Water Supply Project (US$ 248.8 million), and ADB fundedJaffna Kilinochchi Water Supply Project (US$ 120.0 million). Second highest commitments were received to finance the projects implemented in Ground-Transport sector, which includes Indian funded Doller Credit Line of the Development of Railway Sector (US$ 318 million), and World Bank funded Transport Connectivity and Asset Management Project (US$ 127.9 million). In addition, the ADB has committed US$ 300.0 million for Roads & Bridges sector in 2017.

 

Sector-wise ODA Commitments - 2017

 

Committments 2017- Sectorwise

 

Source : Department of External Resources

Note : Other = Disaster Management, Humanitarian Assistance, Health and Social Welfare, Labor & Vocational Training, Ports & Shipping, Fisheries, Woman Affairs, Environment and Defense

 

 

 

Review of the Committments 2010-2017

 

With the Sri Lanka’s graduation to Lower middle income country, composition has changed recently with higher amount of non-concessional loans and market borrowings, although the annual average of commitment has annually increased slightly.

 

Committment Trend 2010- 2017 (US$ million)

 

Committments Trend

 

Source : Department of External Resources

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