Recommendations for restructuring the Local Loans Development Fund (LLDF), Sri Lanka
MaGC Approach and Methodology
The approach involved a preliminary SWOT analysis of LLDF as well as research on working models in other countries. The approach to LLDF restructuring was structured around: Refining the mandate, redesigning institutional structures, reengineering business processes, and restructuring the financials.
A set of clear actionable recommendations applying the 3PT© framework. An Action-Timeframe matrix provided 68 different actions over a five-year period for successful transformation. It identified responsibilities for each action. Risks and mitigation strategies were also outlined. Apart from restructuring recommendations, MaGC gave a report on municipal financing practices in other countries in the region, coordinated an exposure visit to two Indian states, and organized a consultative workshop for policy makers from the Government of Sri Lanka.