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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