Sri Lanka Public Financial Management Strengthening Project

active

The project is aligned with and supports selected governance reforms as prioritized by the GoSL. The project will support: (i) the improvement of procurement outcomes through enhancement of the existing e-procurement system, including open contracting standards and the roll-out of new modules covering national and international bidding and functionalities in key service delivery ministries to enhance transparency and accountability; and (ii) enhance the institutional capacity of and transparency in the National Audit Office of Sri Lanka, by strengthening systems and processes for audit planning, risk assessment, and reporting writing and enhance capacity for specialized audits (procurement and environment audit and audit of State Owned Enterprises. These are critical building blocks, which in the medium term, will contribute to the management of the public sector in a fiscally sound and accountable manner, to ensure macro-economic stability. The direct project beneficiaries are the key departments and agencies of GoSL, the Electronic Government Procurement Secretariat, and NAOSL. Sri Lankan citizens, the Parliament, and the private sector are expected to benefit from the envisaged outcomes of this project through enhanced transparency and accountability in public financial management.