Can Foreign Lenders Curb South Asia’s Infrastructure Corruption?

Quick Summary:

As Sri Lanka’s case shows, the infrastructure dilemma of developing countries is not just about financing but about governance.

Based on the findings of a study conducted by Verité Research, a Colombo-based think tank, this article recommends steps foreign lenders can take to help address governance vulnerabilities in projects they fund.

In the long run, the contribution of foreign-financed infrastructure projects to the economic growth of developing countries depends not just on the availability of foreign capital but also on how that capital is deployed.

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Article Details

Author / Journalist: Bulani Weerawardane and Malinda Meegoda

Category: Economy

Markets: United StatesChinaIndiaJapanNorth KoreaMaliMarshall IslandsSri LankaTaiwanVietnam

Topics: Public Financing Infrastructure Countries Foreign Corruption Transparency Economic Projects Lanka Lenders

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-12 @ 00:01:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2868 words

Reading Time: 16 minutes read

Sentences: 138 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 23008240

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