PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608209

Primary Business Area

Transaction Advisory

Disclosure Date

Dec 11, 2023

Country

Sri Lanka

Region

South Asia

IFC Approval Date

Aug 31, 2023

Status

Hold

Estimated Total Budget

$2,900,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 14, 2025

Project Estimated Start Date

Aug 28, 2023

Project Estimated End Date

Jun 30, 2025

Project Description

IFC will provide transaction advisory assistance to the Sri Lanka’s State-Owned Enterprise Restructuring Unit, under the Ministry of Finance, Economic Stabilization and National Policies, to assist it in preparing a transparent and competitive bidding process for the divesture of Government of Sri Lanka’s stake in Sri Lanka Telecom PLC.

Development Results

E&S Risks / Impacts and Mitigation