Sri Lanka and the World Bank
Sri Lanka has been involved with the World Bank since its initial entrance into the International Bank for Reconstruction and Development (IBRD) on August 29, 1950. Currently, Sri Lanka's quota in the IBERT is approximately 515.4 million dollars, thus allotting 5,846 votes or 0.25% of the total votes in the institution. Sri Lanka later became a member of the other institutions in the world bank such as the International Finance Corporation (IFC) on July 20, 1956, with a current quota of 7.491 million dollars, allotting 8,311 votes or 0.32% of the total votes ; the International Development Association (IDA) on June 27, 1961, with a current share of 98,100 votes or 0.36% within the institution; the International Center for Settlement of Investment Disputes (ICSID) on November 11, 1967; and the Multilateral Investment Guarantee Agency (MIGA) on May 27, 1988, with a current quota of 4.78 million SDR ($5.64 million). Sri Lanka is currently in the India-led constituency for these organizations, representing the country as part of the South Asian block. Current strategy. The World Bank initiated projects to help Sri Lanka transition from a lower-middle income country into an upper-middle  income country with the aid of the World Bank's Country Partnership Framework (CPF) which is made up of the IDA, IFC, and MIGA. The CPF has claimed a prominent role in recommending Sri Lanka's development policy, focusing on macro-fiscal stability, private sector-led growth, export competitiveness, and global integration. The Bank itself has grouped Sri Lanka's development strategy into three priorities. The first priority is improving the country's fiscal stability and competitiveness through the creation of private sector jobs for the lower end of its population. The second priority focuses on creating economic and social  opportunities for its citizens, such as reducing the concentration of poverty, increasing access to education, and boosting the size of its labor force. Finally, the third priority focuses on improving the country's green initiative. This includes projects that reduce the environmental impact of economic transformation, managing resources, and preventing natural disasters. These strategies have manifested themselves in 16 projects with the IDA and IBRD that focus on urban operations and education and an IFC investment of approximately $1 billion. The World Bank is alleged by TamilNet to have funded supposed "genocidal Sinhala colonisation of Tamil lands in Batticaloa