Deputy Minister of Finance Anil Jayantha Fernando has sought to reassure the public that the “Rebuilding Sri Lanka” Fund remains secure, amid growing scrutiny over public finances and disaster-related spending.
Addressing the media, Fernando confirmed that as of April 24, 2026, the fund has accumulated Rs. 9,583 million in contributions. These funds have been received from 49 countries, including both Sri Lankan and foreign donors. While some donations were made in foreign currency, they have been converted into Sri Lankan rupees and credited accordingly.
The “Rebuilding Sri Lanka” Fund was established following the devastation caused by Cyclone Ditwah, which left widespread damage to infrastructure, homes, and livelihoods across several parts of the country. The fund was designed as a central mechanism to channel both local and international assistance toward recovery and rebuilding efforts.
Fernando emphasized that all disbursements from the fund are governed by existing financial regulations and require parliamentary approval, ensuring a structured and transparent process. “There is no need for concern. The money remains safe in the Rebuilding Sri Lanka Fund account,” he said.
Providing further context, the Deputy Minister noted that the government had also allocated Rs. 500 billion through a supplementary estimate in 2025 to support post-disaster recovery. However, a significant portion of these funds has not yet been utilized.
He explained that the delay reflects a cautious and deliberate approach by the government to ensure that funds are directed toward properly evaluated and approved programmes. These include long-term rebuilding projects, restoration of essential services, and targeted assistance for affected communities.
The assurance comes at a time when financial governance has come under increased public attention, particularly following recent controversies involving state funds and allegations of mismanagement in other areas of public finance.
Against this backdrop, the government appears keen to reinforce confidence in its handling of disaster-related funds. Officials maintain that the combination of parliamentary oversight, legal safeguards, and international donor scrutiny will ensure that the resources in the Rebuilding Sri Lanka Fund are protected and used effectively for national recovery.
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