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    Economic Challenges of Post-Tsunami Reconstruction in Sri Lanka

    Weerakoon, Dushni; Jayasuriya, Sisira; Arunatilake, Nisha; Steele, Paul | August 2007
    Abstract
    After successful emergency relief operations, Sri Lanka initiated post-tsunami reconstruction with optimism and a relatively rapid recovery was expected. However, initial expectations have turned out to be overly optimistic. Coordination problems between agencies, constraints on aid absorption capacity, and inequities in aid distribution among regions have hampered reconstruction. Infrastructure reconstruction targets have not been fully met. Initial expectations that the tsunami experience would lead to peace were not fulfilled, inequitable distribution exacerbated mistrust, and largescale conflict has resumed. Macroeconomic management and efficient absorption of a large, necessarily temporary, inflow of foreign funds has been a daunting task. Construction costs rapidly escalated, producing unanticipated funding gaps and aggravating fiscal deficit problems. Sri Lanka’s experience highlights the need for anticipating such cost increases when assessing needs following major disasters, as well as the need for formulation of a phased programme of reconstruction which takes into account the supply side constraints of construction inputs.
    Citation
    Weerakoon, Dushni; Jayasuriya, Sisira; Arunatilake, Nisha; Steele, Paul. 2007. Economic Challenges of Post-Tsunami Reconstruction in Sri Lanka. © Asian Development Bank. http://hdl.handle.net/11540/3663. License: CC BY 3.0 IGO.
    Keywords
    Environmental Impact Assessment
    Environmental Health Hazards
    Environmental Guidelines
    Environmental Services
    Environmental Costs
    Environmental Conditions
    Environmental Action Plans
    Environmental Cleanup
    Project Evaluation
    Program Evaluation
    Project Evaluation & Review Technique
    Agricultural and Environmental Sectors
    Project Evaluation
    Program Evaluation
    Performance Evaluation
    Environmental Surveys
    Environmental Statistics
    Environmental Planning
    Environmental Management
    Environmental Education
    Nature Protection
    Landscape Protection
    Program management
    Environmental disasters
    Environmental disasters
    Oil spills prevention
    Life support systems
    Global environmental change
    Extreme environments
    Ecological disturbances
    Balance of nature
    Ecological risk assessment
    Land degradation
    Glacial erosion
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    Citable URI
    http://hdl.handle.net/11540/3663
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    Author
    Weerakoon, Dushni
    Jayasuriya, Sisira
    Arunatilake, Nisha
    Steele, Paul
    Theme
    Environment
    Evaluation
    Small Medium Business
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise