Sri Lanka Financial Sector Modernization Project: The development objective of the project is to strengthen institutional capacity and market infrastructure to enhance financial market stability and depth.
This will be achieved by assisting the Central Bank of Sri Lanka (CBSL), the Securities Exchange Commission of Sri Lanka (SEC) and possibly also the Insurance Board of Sri Lanka (IBSL) to (a) improve the delivery of their main functions efficiently in accordance with relevant international standards (b)adopt effective regulatory and institutional framework and infrastructure and (b) strengthen their institutional capacity in carrying out their operations. Identification completed on 16 March 2016. Environmental Assessment Category C. US$ 75.0 (IDA Credit). Consulting services to be determined. Democratic Socialist Republic of Sri Lanka; Insurance Board of Sri Lanka; Securities and Exchange Commission of Sri Lanka; Central Bank of Sri Lanka.
