History of the External Resources Department
The Treasury was established in 1806 A.D. as a sub-institution under the Controller of Revenue. It was upgraded to a major institution in 1834. The Treasury was brought under the Ministry of Finance in 1948. During this era, the functions of the Treasury were carried out by several divisions; General Administration Division, Budget Division, Accounts and Payments Division, Finance Division, Economic Affairs Division, Fiscal Policy Division, External Resources Division, Public Enterprises Division, Communication Division, Internal Audit and Investigation Division, Procurement and Advisory Service Unit, Insurance Division. The External Resources Division was responsible for organization and channeling of external resources.
As a consequence of the Treasury restructuring process, the existing Treasury divisions were upgraded to Departments on 01st of January 1993. As a result, the External Resources Division was promoted as the External Resources Department (ERD). The ERD is headed by a Director General assisted by Additional Director Generals, Directors, Assistant Directors and other supportive staff.
Overview
Vision
Mobilizing resources for sustainable socio-economic development in Sri Lanka.
Mission
To source global knowledge, experience, expertise, and foreign resources as required for the socio-economic development in Sri Lanka at appropriate terms, and also arrange domestic currency financing for working capital and development requirements of the country.
Our Objectives
- Mobilize external resources at an appropriate term to finance development needs.
- Facilitate the executing and implementing agencies for the better utilization of resources sourced by the Department.
- Contribute to the human resources development in the public sector by effective mobilization of overseas capacity-building opportunities.
- Strengthen the capacity of the Department to fulfill the responsibilities in an effective and efficient manner.
Our Values
- Complying with and abiding by all laws and regulations, adhering to the highest standards of governance, transparency, disclosure, and ethical conduct.
- Maintaining the highest standards of personal integrity, putting the departments' interests ahead of individuals.
- Create an environment of mutual respect and trust where the staff can demonstrate its performance and achieve the full potential.
- Promote long-term ethical relationships with the stakeholders through true and fair dealings.
- Empower the staff at all levels, minimize interferences, and require them to be accountable.
