Press briefing of Cabinet Decision taken on 2017-12-05

Planning of Public Investments Efficiently and the Programmatic Project Preparation Facility

- Programmatic Project Preparation Facility- PPPF has been designed to be implemented with the aim of achieving the desired objectives of improving the quality at the inception of projects implemented by the Government, improving the implementation mechanisms and enhancing the capacity of making project preparation documents within the different Government Agencies. Therefore,in order to secure US $ 4 million required for the purpose, the proposal made by Hon. Ranil Wickremasinghe, the Prime Minister in his capacity as the Minister of National Policies and Economic Affairs, to enter into a Financing Agreement with the World Bank, was approved with Cabinet.