National Blueprint · One of 195

Sri Lanka

An island of 21.8 million that restructured its debts, has drawn $2.4 billion under its IMF programme since 2023, and keeps nine in ten of its children in school.

Perfect Nations values what Sri Lanka owns and raises capital against it, through innovative financing for development (FfD) and super intelligence (SI).

Sri Lanka at a glance

What we do for Sri Lanka

Assets. Capital. Solutions.

Perfect Nations is a new-age sovereign advisory firm, and its clients are nations.

  1. 01AssetsThe cupFive sovereign assets, valued, from The People to The Power.
  2. 02CapitalThe laurels20 instruments and investments on record, every one sourced.
  3. 03SolutionsThe seven starsSeven basic standards of living, star by star. Energy is furthest from reach today.

The whole logo: a Perfect Nation, where every citizen has all seven basic standards of living, led by good governance.

01Assets · The cup · Sovereign Assets

Five assets no balance sheet counts.

Each is owned today, earns today, and can carry Sri Lanka toward seven basic standards of living for every citizen.

  • 21.8mCitizens, 2025

    The People

    20 in every hundred live in towns and cities; the rest live on the land they farm and fish.

  • 48.8%Of land in farms and pasture

    The Land

    The land that feeds the nation, and the first place a citizen dividend can be earned.

  • 34.4%Of land under forest

    The Forest

    Standing forest holds the water, soil and carbon that the world will pay to keep.

  • 2,380 m³Renewable fresh water per person

    The Water

    Enough to supply every home, once it is stored, treated and piped.

  • 49%Of electricity from renewables, 2023

    The Power

    Sun, wind, water and biomass already carry part of the load; the rest is the opportunity.

02Capital · The laurels · Capital Architecture

Sri Lanka has rebuilt its credit after default. Next, a clean stove in every home.

Bonds, guarantees, swaps and loans that raise capital against what Sri Lanka owns, every line sourced.

Capital Architecture

The record in figures

  • Rs 32.98TTotal public debt (gross) at end-June 2026, provisional: LKR 32,977 billion (USD 97,952 million); total debt of the government LKR 31,999 billionMinistry of Finance, 2026
  • $3BExtended Fund Facility, approved 20 March 2023: about $2.4 billion drawn; about $695 million made available in May 2026IMF, 2026
  • $12.55BInternational sovereign bonds, face amount at end-2023: 98% exchanged in the restructuring settled on 20 December 2024; upfront debt stock reduction of USD 3.0 billionMinistry of Finance, 2025
  • $206MRapid Financing Instrument, approved 19 December 2025: emergency support after Cyclone DitwahIMF, 2025
  • $200MPost-Cyclone Ditwah Reconstruction and Livelihood Support Project: roads, irrigation, and the livelihoods and housing of cyclone-affected households; loan agreements signed 18 August 2026Ministry of Finance, 2026

Capital already committed

  • GovernmentCompletedInternational sovereign bond exchange$12.55B

    Settlement concluded 20 December 2024 · 96% participation · 98% of the bonds exchanged

    Face amount of the international sovereign bonds at end-2023

    Sri Lanka exchanged its existing international sovereign bonds for new restructured bonds, on terms that introduced Macro-Linked Bonds. The Ministry of Finance puts the upfront reduction in debt stock at USD 3.0 billion, which can rise to USD 4.3 billion in an economic downturn, and the cut in debt service during the four-year IMF programme at USD 9.6 billion.

    Government of Sri Lanka

    Source
  • MultilateralAgreed at staff levelExtended Fund Facility, seventh review$345M

    Staff-level agreement 4 October 2026 · SDR 254 million · Subject to IMF Executive Board approval

    Board approval depends on the 2027 Budget and a financing assurances review

    On Board approval Sri Lanka would draw about US$345 million, bringing disbursements under the arrangement to about US$2.7 billion. Approval depends on the Minister of Finance presenting to Parliament a 2027 Budget in line with programme parameters, and on a financing assurances review of multilateral partners’ contributions. Staff also urged faster recovery and reconstruction after Cyclone Ditwah.

    International Monetary Fund

    Source
  • MultilateralApprovedInclusive Connectivity and Development Project, new financing$110M

    Approved 30 September 2026 · IDA Crisis Response Window · Extends the project by three years

    600 km of roads severely damaged by Cyclone Ditwah

    Repairs and rebuilds 600 kilometres of roads severely damaged by Cyclone Ditwah, with priority for roads that restore access to markets, schools and health facilities. The World Bank expects it to benefit more than 830,000 people directly and to reach close to two million across eight target districts, which serves the livelihood, education and health standards.

    World Bank

    Source
  • MultilateralApprovedReforms for Growth, Resilience and Openness Development Policy Operation (REGROW DPO)$150M

    Approved 29 June 2026 · Announced 1 July 2026 · Development policy operation · Budget support

    Trade, investment climate, financial sector, state enterprise and power sector reforms

    Budget support for reforms that reduce trade barriers, improve the investment climate and strengthen the financial sector, with measures to expand women’s employment, improve the governance of state-owned enterprises and make the power sector more competitive. Lower energy costs and more jobs serve the energy and livelihood standards.

    World Bank

    Source
  • MultilateralApprovedExtended Fund Facility$3B

    Approved 20 March 2023 · SDR 2.286 billion, 395 percent of quota · Combined fifth and sixth reviews completed 27 May 2026

    About $2.4 billion drawn; about $695 million made available in May 2026

    The IMF arrangement approved on 20 March 2023, worth SDR 2.286 billion (about US$3 billion). Completion of the combined fifth and sixth reviews gave immediate access to SDR 508 million (about US$695 million), bringing purchases under the arrangement to SDR 1.778 billion (about US$2.4 billion).

    International Monetary Fund

    Source
  • MultilateralApprovedRapid Financing Instrument$206M

    Approved 19 December 2025 · SDR 150.5 million · 26 percent of quota

    Urgent balance-of-payments and fiscal pressures after Cyclone Ditwah

    An IMF disbursement of about US$206 million to help address urgent balance-of-payments and fiscal pressures arising from Cyclone Ditwah. The fifth review of the Extended Fund Facility was deferred at the time.

    International Monetary Fund

    Source
  • MultilateralApprovedSri Lanka Digital Transformation Project$50M

    Approved 19 December 2025 · Online citizen service portal, data exchange and digital skills

    Government services online and support for technology start-ups

    Builds an integrated online portal for government services, with cross-agency data exchange and a cloud platform, and trains citizens and public servants to use them. It also funds a digital start-up accelerator, including for women entrepreneurs, which serves the livelihood standard.

    World Bank

    Source
  • MultilateralApprovedSecure, Affordable, and Sustainable Energy for Sri Lanka$150M

    Approved 20 June 2025 · Includes $40 million in World Bank Group guarantees in the first phase

    1 gigawatt of new solar and wind; more than $800 million of private investment expected

    A World Bank Group programme to add 1 gigawatt of clean electricity to the grid through new solar and wind projects and to mobilise more than $800 million in private investment. It supports Sri Lanka’s goal of generating 70 percent of its electricity from renewable sources by 2030, and serves the energy standard.

    World Bank Group

    Source
  • RegionalApprovedLoan to advance digital transformation$98M

    Approval announced 10 November 2026

    To advance digital transformation in Sri Lanka

    An Asian Development Bank loan of $98 million to advance digital transformation in Sri Lanka, announced on 10 November 2026.

    Asian Development Bank

    Source
  • RegionalApprovedFinancing to ensure safe and resilient water services$300M

    Approval announced 9 November 2026 · Two projects

    To expand and strengthen water supply and sanitation services across Sri Lanka

    The Asian Development Bank has approved two projects, together $300 million, to expand and strengthen water supply and sanitation services across Sri Lanka, announced on 9 November 2026. It serves the water standard.

    Asian Development Bank

    Source
  • RegionalApprovedPromoting Resilience and Opportunity for Inclusive Recovery Sector Development Program$100M

    Approved 21 October 2026 · $50 million policy-based loan · $50 million project loan

    30,000 households from the Aswesuma social registry, in six districts

    Supports reforms and investments in social protection, economic inclusion and resilience for poor and elderly Sri Lankans, through the government’s National Empowerment Program. Households receive livelihood grants, employment and business support, skills development and financial literacy training, which serves the livelihood standard.

    Asian Development Bank

    Source
  • RegionalApprovedSkills Development System Transformation Program$100M

    Approved 29 September 2026 · Results-based loan · $50 million regular and $50 million concessional · $500,000 technical assistance grant

    More than 100,000 young people expected to benefit

    A results-based loan to improve the quality and relevance of technical and vocational training, link training providers with industry and widen job opportunities for young people, including nontraditional jobs for women in automotive technology and renewable energy. It serves the education and livelihood standards.

    Asian Development Bank

    Source
  • RegionalSignedTrade, Investment and Industry Development Program, Subprogram 1$200M

    Signed 18 August 2026 · Policy-based loan · Raised from $100 million to $200 million

    General budgetary assistance; Subprogram 2, an indicative $100 million, expected to be implemented in 2028

    A policy-based loan from the Asian Development Bank that gives general budgetary assistance, signed at the General Treasury in Colombo. The Ministry of Finance says it comes amid heightened economic uncertainty from the Middle East crisis and climate-related shocks, and that the loan was raised from USD 100 million to USD 200 million. Support for trade and investment serves the livelihood standard.

    Asian Development Bank

    Source
  • RegionalSignedPost-Cyclone Ditwah Reconstruction and Livelihood Support Project$200M

    Loan agreements signed 18 August 2026 · Implementation 2026 to 2030

    Roads, irrigation, and the livelihoods and housing of cyclone-affected households

    Rehabilitates and rebuilds road infrastructure and irrigation systems damaged by Cyclone Ditwah, and restores the livelihoods and housing of cyclone-affected households. It serves the shelter, food and livelihood standards.

    Asian Development Bank

    Source
  • RegionalApprovedRooftop Solar Aggregation and Virtual Net Metering Project$57.4M

    Approved 26 June 2026 · $35 million concessional loan · $16.9 million EU grant · $5.5 million grant from the Japan Fund for the Joint Crediting Mechanism · Total cost $80.5 million

    About 25 megawatt-peak of rooftop solar

    About 25 megawatt-peak of rooftop solar, whose power the two electricity distribution utilities pool and share as credits with eligible small businesses and community organisations, including those unable to install rooftop solar because of financial or space constraints. It serves the energy standard.

    Asian Development BankEuropean UnionJapan Fund for the Joint Crediting Mechanism

    Source
  • RegionalSignedKerawalapitiya–Port L Second Transmission Line Project$52M

    Signed 8 October 2025 · Sovereign-backed financing · Second underground 220 kV cable into Colombo

    Carries renewable power from the north and east to Colombo

    Adds a second underground 220 kV cable between Kerawalapitiya and the Colombo Port L substation, to keep power supply uninterrupted and the grid stable. It helps move renewable power from the north and east to Colombo, which serves the energy standard.

    Asian Infrastructure Investment Bank

    Source
  • BilateralSignedProject for the Improvement of the Pump Station in Kelani River BasinJPY 2.18B

    Grant agreement signed 28 October 2026 · Gampaha District, Western Province

    A drainage pumping station to reduce flood damage, in Gampaha District

    A Japanese grant for a drainage pumping station and consulting services in the Kelani River Basin, to reduce flood damage by improving stormwater drainage capacity. Fewer floods protect homes, which serves the shelter standard.

    Japan International Cooperation Agency

    Source
  • PrivateInvestedNew Anthoney’s Farms, poultry expansion$10M

    Approved 10 October 2025 · Signed 2 June 2026 · Invested 29 October 2026 · C Loan from IFC and GAFSP, with an option to convert into equity

    IFC loan of $5 million; up to $5 million expected from the GAFSP Private Sector Window

    A loan from IFC and the Global Agriculture and Food Security Program to a Sri Lankan poultry business established in 1986, with a feed mill, breeder farms, a hatchery, broiler and out-grower farms, processing and its own retail shops. It part-funds a programme to expand capacity, improve efficiency and grow the retail network, which serves the food and livelihood standards.

    IFCGlobal Agriculture and Food Security Program

    Source
  • PrivateInvestedWindForce PLC, 100 MW solar plant$18M

    Approved 3 April 2026 · Signed 27 April 2026 · Invested 15 September 2026 · Loan in Sri Lankan rupees, up to $18 million equivalent

    A 100 MW ground-mounted solar plant in the Siyabalanduwa area, Uva Province

    An IFC local-currency loan to WindForce PLC, which IFC describes as Sri Lanka’s largest renewable energy company, for its equity in a 100 MW ground-mounted solar photovoltaic project. It is supported by the IDA21 Private Sector Window Local Currency Facility and serves the energy standard.

    IFC

    Source
  • PrivateInvestedNations Trust Bank, SME loan$50M

    Approved 11 December 2025 · Signed 19 December 2025 · Invested 16 January 2026 · Four-year senior unsecured loan · Package of up to $70 million with a $20 million trade facility

    On-lending to small and medium-sized enterprises, including women-owned SMEs

    An IFC loan to Nations Trust Bank, a publicly listed licensed commercial bank, for on-lending to small and medium-sized enterprises, including women-owned SMEs, which face significant financing gaps. It serves the livelihood standard.

    IFC

    Source

The Sri Lanka Newswire

The Solutions Wire
Kavinda Perera, Nation Steward of Sri Lanka

Kavinda PereraNation Steward of Sri Lanka · SI Researcher

Already working in Sri Lanka.

Independent firms and social enterprises already at work in Sri Lanka, highlighted by Perfect Nations. None is a partner of Perfect Nations.

Suggest an enterprise
  • Food

    New Anthony’s Farm Group (NAF)

    One of Sri Lanka’s leading fully integrated poultry producers, founded in 1986, working from breeding and feed to processing, distribution, exports and retail. In June 2026 IFC announced it will invest up to $10 million, including up to $5 million from the Global Agriculture and Food Security Program, to scale capacity; the project is expected to benefit at least 200 smallholder farmers.

    IFC, 2026
  • Energy

    WindForce PLC

    Develops, owns and operates wind, solar and small hydropower assets; IFC describes it as Sri Lanka’s largest independent renewable energy producer. In April 2026 IFC announced it is investing up to $18 million through a local-currency loan for a utility-scale 100-megawatt solar power facility.

    IFC, 2026
  • Health

    Sunshine Healthcare Lanka

    A pharmaceutical and medical products business wholly owned by Sunshine Holdings PLC, with a pharmaceutical manufacturing facility, six regional distribution centres and access to over 3,000 pharmacies. IFC made an equity investment, approved in April 2024, for the expansion of pharmaceutical manufacturing, distribution and retail.

    IFC, 2024
  • Livelihood

    Nations Trust Bank

    A publicly listed licensed commercial bank in Sri Lanka, established in 1999. IFC’s loan of up to $50 million, invested in January 2026, is for on-lending to small and medium-sized enterprises, including women-owned SMEs.

    IFC, 2026

03Solutions · The seven stars · Perfect Capita

Perfect Sri Lanka, star by star.

Perfect Capita is the yearly cost, per person, of lifting everyone above the Living Line in all seven basic living standards, set with Sri Lanka in its own prices.

How Perfect Capita works
Sri Lanka: the seven stars of the logo, one for each basic standard of living, rising from the cup; Food is the larger centre star. Each star carries the figure for Sri Lanka.WATER46.9%SHELTER90.8%ENERGY31FOOD89.9%EDUCATION85.2HEALTH72LIVELIHOOD46.7%
31
Energy · furthest from reach31% cook with clean fuels and technologyWorld Bank, 2024

Tap a star for its figure and source.

The price of Perfect Sri Lanka

To be set with Sri Lanka, from its own figures and in its own prices: Perfect Capita times the people of Sri Lanka, each year.

Read more
  • Food89.9%Not food insecure; 10.1% are moderately or severely food insecureFAO, 2024
  • Water46.9%Safely managed drinking waterWHO/UNICEF, 2024
  • Shelter90.8%Outside urban slums; 44.7% of city dwellers live in slums; safe sanitation not measuredUN-Habitat, 2022
  • Energy3131% cook with clean fuels and technologyWorld Bank, 2024
  • Education85.285.2% of children read a simple text by the end of primary school; 2015, datedWorld Bank, 2015
  • Health72WHO service coverage indexWHO, 2023
  • Livelihood46.7%Above US$8.30 a day; 53.3% live below it, datedWorld Bank, 2019

Perfect Nations estimate, to be confirmed with Sri Lanka. Figures marked dated rest on surveys more than five years old; lenient measures are marked as such. The strict measures

Strict measures. Food: share not moderately or severely food insecure (FAO). Water: safely managed drinking water where measured; where it is not, basic water, marked as such. Shelter: the lower of safely managed sanitation and the share outside urban slums. Energy: the lower of electricity per person against 1,000 kWh and clean cooking. Education: the lower of children reading by the end of primary school and lower-secondary completion. Health: WHO service coverage index. Livelihood: share above the stricter of the national poverty line and the World Bank line for the nation’s income group. Each figure links to its source.

Solutions for Perfect Sri Lanka

  • Solution No. 32

    Rooftop Kitchens

    Rooftop solar and electric cooking are financed together, by Sri Lankans at home and abroad.

    • 01The challengeAbout 15 million Sri Lankans, 69 in every hundred, cook without clean fuel or technology.
    • 02What Perfect Nations advisesSri Lanka should finance rooftop solar and electric cooking together, through green bonds sold to Sri Lankans at home and abroad and serviced from the power each roof saves. With super intelligence, every roof can be assessed for sunlight and every kitchen’s switch verified, so families spend less on energy and the island imports less fuel.

    ~15mSri Lankans who cook without clean fuel

    FromPreeti SinhaPresident and CEO, Perfect NationsRead the SolutionDiscuss this Solution
Sri Lanka in Bloom, nation portrait of Sri Lanka
Sri Lanka in BloomNation Portrait · Art of Nations
Perfect Nations® · Letters to the NationsSri Lanka

Dear Sri Lanka,

A golden lion holding a sword, framed by four leaves of the bo tree. Nine in ten of your children complete lower-secondary school, and you have climbed out of default faster than almost anyone expected.

“You climbed out of default faster than anyone expected. Now let every Sri Lankan kitchen cook with clean fuel.”

Yours in design,Preeti SinhaPresident and CEO, Perfect NationsRead the full letter

Work with us · The ReDesign Studio

The Perfect Sri Lanka ReDesign Studio

One mission, three depths: the same four moves for Sri Lanka, taken as far toward market as you choose.

Read more

For the Government of Sri Lanka, its development partners and investors. Scope and fees are agreed in writing before any work begins.

  1. 01Identify the assets
  2. 02Estimate Perfect Capita
  3. 03Co-design the capital architecture
  4. 04Launch the instruments
  1. Mandate 013 hours

    The Nation Briefing

    A private session for the people who decide.

    You leave withThe gap, named and sized

    Read more
    1. 01The five sovereign assets on this page, walked through.
    2. 02Coverage of 31 and the Gap, explained.
    3. 03The instruments that could close the Gap, shortlisted.
    4. 04The path to market, outlined.
    Request a Nation Briefing
  2. Mandate 023 days

    The Blueprint Lab

    Your team and ours, working the blueprint together.

    You leave withThe structure, drawn

    Read more
    1. 01The ledger tested against your ministries’ own data.
    2. 02Each of the seven standards costed in Sri Lankan prices.
    3. 03One financing structure, drawn with your team.
    4. 04A term sheet and the partners to approach.
    Plan a Blueprint Lab
  3. Mandate 03End to end

    The Sovereign Mandate

    Led personally by the President and CEO.

    You leave withA structure ready for market

    Read more
    1. 01A full sovereign asset ledger, valued and verified.
    2. 02Perfect Capita set and agreed with government, with a monitoring plan.
    3. 03The full structure: legal form, credit enhancement, guarantees and pricing.
    4. 04Taken to investors and development partners, through to close.
    Discuss a Sovereign Mandate

Co-design it with us

Where Sri Lankans and Co-designers design the nation they want to live in.

  • Writings

    Write Perfect Sri Lanka into being.

    Up to 1,500 words on your vision of Perfect Sri Lanka, published with your name.

    Submit your writing
  • Voices of Perfect Nations Launching soon

    The local leaders already building Perfect Sri Lanka.

    Great local leaders: honest, dedicated and committed to basic standards of living for all. Every guest answers one question: “What does Sri Lanka already own, and how could it pay for a decent life for every citizen?”

  • Co-designers

    Join the community.

    Everyone who shares a vision, a voice or an enterprise here becomes a Co-designer of Perfect Sri Lanka.

    Become a Co-designer

The Sri Lanka ReDesign Studio is open

Design Perfect Sri Lanka with us.

Share your vision, suggest a guest, or write to us: every message receives a personal reply.

Sources
  1. World Bank, World Development Indicators: population 2025, urban share, agricultural and forest land, renewable fresh water per person and renewable energy share, read 30 October 2026.
  2. Strict Perfect Capita inputs: FAO food insecurity, WHO/UNICEF water and sanitation, World Bank clean cooking, learning poverty and poverty lines, UNESCO completion and the WHO service coverage index (2023, via Our World in Data).
  3. International Monetary Fund and World Bank press releases for each line of Capital already committed, as linked.
Sri Lanka in Bloom, flag edition: the nation portrait of Sri Lanka painted with its flag
Sri Lanka in BloomNation Portrait, flag edition · Art of Nations
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