This paper study the impact of foreign aids on the economic growth of Sri Lanka. This study was conducted by focusing on the previous research done on the same topic for several developing countries and for several Asian countries. World Bank Data from 1989 to 2017 were used to conduct this study. Both descriptive and econometric tools were used to analyze data. OLS method was applied to analyze the impact of foreign aid on the economic growth. Based on the findings, there was a direct impact from foreign aid to the economic growth. As well as, proper policy implications, proper monitoring of fund utilization led to the boosting of the economic growth

Keywords : Foreign Aids, Policy Implications, Proper monitoring.