Sri Lanka's debt troubles in the new development finance landscape
Bibliographic Data
| ID | 5761377 |
|---|---|
| Authors | Dushni Weerakoon (Institute of Policy Studies of Sri Lanka, corresponding author) |
| Year | 2017 |
| Volume | 2 |
| Issue | 6 |
| Pages | 744-761 |
| Publication date | 2017-11-02 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Third World Thematics A TWQ Journal (JOURNAL) |
| Journal identifiers | ISSN: 2379-9978 • E-ISSN: 2380-2014 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/23802014.2017.1395711 |
| OpenAlex | W2768698508 |
| Language | EN |
| Citations received | 4 |
| References cited | 13 |
This paper examines the challenges middle-income countries face in the new development finance landscape as the overall costs and risks of a debt portfolio rises. Sri Lanka’s debt financed infrastructure push did not generate the envisaged economic growth. Inadequate debt management, policy deficiencies, and weak governance contributed to deliver low investment returns, exacerbated by the ability to borrow large sums up-front without conditions or questions on the fundamentals of government economic strategy. The paper also finds IMF conditionalities for course correction can lead to a cycle of further debt accumulation and worsening debt indicators, at least in the short run
Business · Corporate governance · Debt · Debt financing · Debt levels and flows · Debt overhang · Debt-to-GDP ratio · Economic policy · Economics · External debt · Financial system · Government Debt · Internal debt · Political science · Politics · Portfolio · Sri lanka · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Global Financial Crisis and Policies · Finance
| Citations per year | 0.44 |
|---|---|
| Citation span | 2017 - 2025 (9) |
| Highly cited | No |