Procurement Summary
Country: Sri Lanka
Summary: Sri Lanka Capital Market Development
Deadline: 31 Mar 2026
Posting Date: 17 Mar 2026
Other Information
Notice Type: Tender
TOT Ref.No.: 137953905
Document Ref. No.: 0002021370
Competition: ICB
Financier: World Bank (WB)
Purchaser Ownership: Public
Tender Value: Refer Document
Purchaser's Detail
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Login to see detailsTender Details
A. INSTITUTIONAL BACKGROUND The International Finance Corporation (IFC) is the private sector arm of the World Bank Group (WBG). Its mission is to promote sustainable private sector investment in developing and transition countries, helping to end poverty on a livable planet. IFC finances private sector investments in the developing world, mobilizes capital in the international financial markets, helps clients improve social and environmental sustainability, and provides technical assistance and risk mitigation services to businesses and governments. In fiscal year 2023, IFC delivered $7.6 billion in climate finance and mobilized an additional $6.8 billion from other sources. For more information, visit www.ifc.org. IFC-s Financial Institutions Group (FIG) has three main objectives: financial inclusion, servicing the real economy, and mobilizing third-party resources. FIG engages in various sub-sectors, including Microfinance, SME, Gender, Climate, Capital Markets, Housing, and Distressed Assets, providing investment and advisory services globally through IFC-s network. IFC-s FIG Advisory Services in South Asia focuses on financial inclusion to enhance the availability and affordability of financial services for both corporate entities and individuals. By collaborating with local financial institutions, FIG develops innovative products and services tailored to the needs of underserved populations. B. PROJECT BACKGROUND As part of its pursuit to build a fair, transparent and efficient capital market that contributes to the national economic growth, the Securities and Exchange Commission of Sri Lanka (SEC), has developed a capital market strategy for 2025-2035, which encompasses 12 pillars - twelve key reforms for capital market development over the next 10 years to modernize market infrastructure, enhance regulatory capacity, introduce innovative financial products, and strengthen investor confidence. Sri Lanka-s capital market remains nascent and underdeveloped, wit...
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