1. Financing Projects and Role of the Department of External Resources
Indika Premaratne
Director
Department of External Resources

2. Vision shaping the future of Sri Lanka by mobilizing global knowledge, expertise and external financing for accelerated economic growth Mission Facilitate mobilizing external financing at affordable cost with minimum conditionality in support of the economic and social development of Sri Lanka while supporting long term debt sustainability of the country

3. Key Functions
Conduct consultation with development partners to identify development assistance strategies and priorities
Coordinate Annual Country Aid Programing activities of the development partners
Prepare project pipelines for foreign financing
Negotiate foreign financing with lenders
Loan negotiations
Government approvals

4. Medium-Term Economic Development Plan (2017-2020)
Public Investment Programme (PIP) ( )
“Long-term strategic and structural transformation in the country targeting to become the most open and competitive economy in South Asia”.
Source: Economic Policy Statement
(Nov 5, 2015)

5. Main Features of Medium-Term Economic Development Plan
Addressing the present decline in export performance by improving productivity and competitiveness
Promoting the inflow of foreign investment by making investor-friendly country
Diverting a higher share of government resources for upgrading the quality of human resources
Education and Health sectors to receive 3% and 6% of GDP by 2025
Promote equity in the economic and social spheres.
Strengthening local and provincial institutions, devolution and decentralization of administration etc.
Minimize remaining regional disparities and poverty pockets.
Special emphasis will be placed on environmental protection and natural resource conservation.

6. Planning Targets of PIP(2017-2020)
Indicator
2017
2019
2020
GDP Growth Rate
6.0
5.5
7.0
Investment/GDP
30.3
31.5
Private Investment
25.1
25.8
Public investment
5.2
5.7
Budget Deficit/GDP
4.6
4.0
3.5

7. Financing Mechanisms of Projects in PIP
Encourage private sector participation
Concessional financing on G2G arrangements
Public Enterprises to directly borrow
No unsolicited project proposals
Selection of companies through competition
Swiss Challenge for unsolicited proposals
Limited competitive bidding is possible for Government support export credit facilities

8. Thank you