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Sri Lanka Received USD 987 Million in Foreign Loans and Grants for Combatting COVID-19 in 2020 and 2021

Sri Lanka has received USD 987 Million as loans and grants to combat COVID- 19 from February 2020- May 2021. World Bank has been the highest donor and lending agency to Sri Lanka for combatting COVID-19.

In addition, Sri Lanka also received USD 1,000 million from China Development Bank  described as covid related assistance. However, this is not included in the analysis as it was general budgetary support, with no specific project/programme associated with the funding.

Note :

  1. The figures do not include donations received in the form of supplies(goods).
  2. These figures were obtained from various sources based on the availability information in the public domain. Hence, the figures mentioned cannot be considered as the only loans and grants received by Sri Lanka.

Sources :

Loans

 

Date

Organization

Purpose

Amount 

(USD Million)

Source

02/2020

Asia Development Bank (ADB)

To finance preventive and response efforts against the COVID-19 outbreak in the country

15

ADB.org

1/04/2020

International Bank for Reconstruction and Development

(IBRD)

 

 Scale up emergency response mechanisms, strengthen the health sector, and raise public awareness regarding the pandemic

35

World Bank

1/04/2020

International Development Association

(IDA)

COVID-19 Emergency Response and Health Systems Preparedness Project- scale up emergency response

93.6

World bank

4/04/2020

IBRD

Covid 19 Emergency Response & Health Systems Preparedness

0.0875

Ministry of Finance Annual report (MOF AR) 2020

4/04/2020

IDA

COVID 19 Emergency Response & Health Systems Preparedness Project

0.23

MOF AR 2020

24/04/2020

IDA

COVID 19 Emergency Response & Health Systems Preparedness Project

22

MOF AR 2020

6/05/2020

ADB

A loan to the State Pharmaceuticals Corporation of Sri Lanka (SPC) to purchase medical supplies

25

ADB

21/05/2020

IDA

COVID 19 Emergency Response & Health Systems Preparedness Project

0.506

 

MOF AR 2020

31/05/2020

International Finance Corporation

Sri Lanka’s Commercial Bank to be used for Covid19 hit businesses.

50

Economy Next

9/06/2020

IDA

COVID 19 Emergency Response & Health Systems Preparedness Project

7.5

MOF AR 2020

12/06/2020

IDA
 

COVID 19 Emergency Response & Health Systems Preparedness Project

22

MOF AR 2020

22/06/2020

IDA

COVID-19 Emergency Response and Health Systems Preparedness Project (additional financing)

87

World Bank

21/07/2020

IDA

COVID 19 Emergency Response & Health Systems Preparedness Project

 

0.732

MOF AR 2020

24/07/2020

IDA

Addi. Financing for the COVID 19 Emergency Response & Health System Preparedness

0.104

MOF AR 2020

14/10/2020

IDA

COVID 19 Emergency Response & Health Systems Preparedness Project

0.954

MOF AR 2020

19/10/2020

IDA

Addi. Financing for the COVID 19 Emergency Response and Health Systems Preparedness

18.66

MOF AR 2020

26/10/2020

IDA

Addi. Financing for the COVID 19 Emergency Response and Health Systems Preparedness

0.136

MOF AR 2020

26/10/2020

IDA

Addi. Financing for the COVID 19 Emergency Response and Health Systems Preparedness

10.199

MOF AR 2020

25/11/2020

ADB

Immediate financing support for small and medium-sized enterprises & long-term financing for business led by women and tea small holders.

165

ADB

26/12/2020

ADB

A loan to Sri Lanka, to purchase approximately 25 million vaccines.

84

News First

12/1/2021

International Finance Corporation

Provide improved access to critical working capital for Sri Lankan businesses impacted by the pandemic

25

IFC

25/02/2021

Asia Infrastructure Investment bank

Urgent need for liquidity by providing credit to corporates and small and medium-sized private enterprise

180

aiib

Grants

Date

Organization

Purpose

Amount 

(USD Million)

Source

13/03/2020

ADB

Fund Disease surveillance, provision of medical supplies for quarantine purpose, PPE and other Protective equipment.

0.6

Adb.org

2/04/2020

Asia Development Bank

Fund the purchase of emergency medical supplies

0.1

ADB

9/04/2020

European Union

To support Sri Lanka's efforts in combating COVID – 19

26.8

News First

09/04/2020

USAID

To help protect healthcare workers and slow the spread of the virus with infection prevention and control support

1.3

US embassy

21/04/2020

Japan

Combatting COVID – 19 (Given through UNICEF, IOM and IFRC)

1.2

Daily News

23/04/2020

Canada

Relief to some of those most affected in vulnerable communities

0.043

Canada Embassy

30/04/2020

Germany

Money will be utilized to provide essential food rations, medical supplies and cleaning and hygiene items to 39 children's

0.011

Germany Embassy

6/05/2020

USAID

used to assist areas severely affected by the virus, and to strengthen small and medium enterprises and increase women’s participation

4.5

News First

29/05/2020

USA through UNICEF

To support critical COVID-19 response in Sri Lanka

0.6

UN

10/06/2020

ADB (Finance by Japan)

Fund the purchase of test kits, diagnostic reagents, personal protective equipment, and other essential medical supplies

3

ADB

10/06/2020

ADB

Support to the private sector to purchase emergency medical supplies

1

ABD

1/07/2020

KOICA through UNICEF

Enable the safe operation of schools and the learning recovery of all children, in line with the planned phased return to school.

0.6

UNICEF

8/07/2020

Japan

To strengthen the health sector to tackle COVID-19 through the provision of medical equipment

7.58

Japan embassy

29/07/2020

SAARC Development Fund

To support efforts against the pandemic and protect the people during these uncertain times.

1.2

SAARC

1/08/2020

Germany

Combat Covid

2.42

Daily News

08/09/2020

EU

To revive the tourism industry in Sri Lanka hit by the coronavirus pandemic

4.9

Daily News

4/11/2020

Japan

Fight against the covid pandemic

2.88

Ceylon Today

15/12/2020

ADB/Japan

Prevent and control the spread of the coronavirus disease by expanding and integrating water, sanitation, hygiene, and health

2

ADB

30/03/2021

UNICEF/ Japan

Support the cold chain system in Sri Lanka and strengthen delivery of immunization services

3

UNICEF

13/05/2021

World Bank

Access and distribute COVID-19 vaccines and to strengthen the country’s vaccination system and pandemic response

80.5

World Bank

 

2021-07-29
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