The topic of large infrastructure projects in Sri Lanka, funded via Chinese loans, and the related costs and benefits of these, has been a subject of global debate and discussion. The topic has gained traction again, with the economic crisis in Sri Lanka that resulted from its inability to pay back its debt. In this seminar, Verité Research will share the findings of it’s latest research report which provides an in-depth look at the Chinese loans taken to finance the country’s infrastructure. It is an attempt to deepen the understanding of what went wrong in Sri Lanka and what needs to be done to fix it. The report analyses a special framework set up by the Sri Lankan government in 2010 to access concessional loans from emerging economies such as China and the problems associated with this framework.
