The World Bank approved a US$11 million concessional credit to Sri Lanka in the form of additional financing to assist Sri Lanka enhance its ICT services that would help gain a considerable competitive advantage in the region post becoming a Middle Income Country.
The implementing agency for this project is the Information and Communication Technology Agency (ICTA) of Sri Lanka.
The ICT sector has since reported substantial achievements, but further improvements in efficiency, capacity and expansion of services is needed both in the private sector and government, and these will be addressed through this additional financing for the E-Sri Lanka Development Project, says the World Bank.
“The project is well-rooted in the middle-income agenda of Sri Lanka, has won many international awards and accreditations, and has achieved true change in the country’s global branding as an ICT destination and its competitiveness as assessed by international rating agencies. It makes sense to continue with the current momentum and address the unfinished business of this very ambitious project to which we are truly committed as a funding partner,” said Diarietou Gaye, Country Director, World Bank Sri Lanka.
The objectives of the project are diverse and are aimed at enhancing growth and equity for the country through improved access and use of information and communication; access to and use of public services on-line by businesses and citizens and enhanced competitiveness of the private sector and in particular of knowledge industry and SMEs.
Improvements to this sector will bring the country to the next stage of ICT development resulting in an overall better ICT operating and enabling environment in the country.