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The setback due to the pandemic has aggravated some of the perennial macro-economic and sectoral problems in Sri Lanka. For example, borrowing and accumulating external debts has been a practice of successive governments since 1978, which was the year of partial liberalization of the economy. During the early periods, when Sri Lanka was considered a low-income country, we were entitled to substantial grant aid as well as concessionary finances.
This relatively low interest facilities and lenient conditionalities provided incentives for the governments to keep borrowing for many development projects, from bi-lateral and multi-lateral lending agencies, irrespective of inflated costs of many of these projects. In most of these cases, financial benefits also have spilled over to Sri Lankan politicians, bureaucrats, and technocrats. Notwithstanding such leakages, these foreign funded projects increased the availability of more sophisticated infrastructure and utilities in se ....

Sri Lanka , Sri Lankans , Sri Lankan , Luxman Siriwardena , Veemansa Innitiative , International Monetary Fund , University Of Peradeniya , Central Bank , World Bank , Advocacy Group , International Sovereign Bond Market , International Research Conference , International Sovereign Bonds Isbs , International Sovereign Bonds , International Sovereign Bond , International Sovereign , Japanese Yen , ஸ்ரீ லங்கா , ஸ்ரீ லங்கன் , சர்வதேச பண நிதி , மைய வங்கி , உலகம் வங்கி , சர்வதேச இறையாண்மை பத்திரம் சந்தை , சர்வதேச ஆராய்ச்சி மாநாடு , சர்வதேச இறையாண்மை பத்திரங்கள் , சர்வதேச இறையாண்மை பத்திரம் ,