Local Loans And Development Fund
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Overview
The Local Loans & Development Fund (LL&DF) in Sri Lanka is a statutory body established to provide long-term, concessionary loans to local authorities (Municipal Councils, Urban Councils, Pradeshiya Sabhas) for capital investments in infrastructure, aiming to support local development and poverty reduction, operating under the country’s laws and relevant ministries. It functions as a distinct unit, managing funds from government and international partners like the Asian Development Bank for local projects, ensuring compliance with regulations and sustainable practices.
Founded Year
1916
Ownership Type
Government-Owned / State-Owned Enterprise
Business Model
B2C (Business to Consumer)
Time Zone
+5.30
Mission
To be an autonomous and sustainable financial institution that provides long-term financing for basic infrastructure services, contributing to the social and economic development of Sri Lanka.
Vision
To be a leading financial institution for Local Level Infrastructure Financing, driving national development through empowered local authorities.
Core Values
Integrity & Transparency: High standards in governance, accountability, and ethical business practices. Sustainability: Ensuring long-term viability for both the Fund and the projects it supports. Development Focus: Centered on infrastructure and public utility projects for community benefit. Empowerment: Enabling Local Authorities (Urban Councils, Pradeshiya Sabhas) to improve services.
Company Tagline
Local Government Finance is Development Finance
Head Office Country
Sri Lanka