Country Study Prepared for the project Southern Perspectives on Reform of the International Development Architecture: Sri Lanka
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Date
2007
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Publisher
The North-South Institute
Abstract
This paper is written as part of an overall study on Southern perspectives on reform of the
international development architecture. Sri Lanka’s case study as expressed in this paper is one of particular interest. The present government is pressing for increased policy space from donor imposed conditions in the backdrop of the country’s present circumstances as a conflict country with substantial aid reliance given the urgent requirement for investment in public infrastructure. These conflicting needs of increased funding and greater policy space have pushed the government towards alternative sources of finance, moving beyond the concessional lending of international financial institutions, towards commercial borrowing and emerging bilateral donors. The paper explores the opportunities and challenges offered by this new path. It provides
some background information on Sri Lanka’s recent relationship with international donors
including the roles played by the Bretton Woods institutions, the UN system, bilateral donors,
and NGOs.
Description
Keywords
Foreign aid, Sri Lanka, International aid, Donor reform initiatives, Donors