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dc.contributor.authorAbeysinghe, Subhashini
dc.contributor.authorArangala, Mathisha
dc.date.accessioned2023-10-03T14:17:43Z
dc.date.available2023-10-03T14:17:43Z
dc.date.issued2022-09-22
dc.identifier.urihttps://archive.veriteresearch.org/handle/456/6097
dc.descriptionThis IKR entry contains the slide deck presented at the 'Lure of Chinese Loans' event held on the 22nd of September 2022. The presentation has 39 slides and it is available in English and Sinhala.en_US
dc.description.abstractChina was the leading provider of external finance to Sri Lanka for infrastructure development during 2010-2016 accounting for 37% of the total. Sri Lanka borrowed USD 5,895 million from China for infrastructure development during this period. More than half of these loans from China (53%) came through a special regulatory framework set up in 2010, enabling the government to entertain unsolicited proposals (USPs) for public funded infrastructure projects circumventing the normal competitive procurement process. This research paper delves into the design and the actual practice of this special regulatory framework. Based on published and unpublished official documents and conversations with the officials, the paper unravels the flaws in the design and the execution of the special framework. In depth investigation of a water supply scheme implemented via the special framework demonstrates how the flaws in the design and the implementation led to outcomes different from the ones expected at the time the framework was established. It reveals the hidden costs the country incurred to secure funds for its infrastructure development and the ineffectiveness of the oversight processes in place to detect and prevent malpractices and irregularities.en_US
dc.language.isoenen_US
dc.subjectRegulatory frameworken_US
dc.subjectChinese loans - Regulatory frameworken_US
dc.subjectChinese loansen_US
dc.subjectChinese funding - Water infrastructureen_US
dc.subjectChinese funding - Allegations and investigationsen_US
dc.subjectChinese loans - Unsolicited proposalen_US
dc.subjectEconomic assistance - China - Sri Lankaen_US
dc.titleThe lure of Chinese loans : Sri Lanka’s experiment with a special framework to finance its infrastructure investments - Presentationen_US
dc.typePresentationen_US


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