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Non-Compliance with the Fiscal Management Responsibility Act Has Been a Demonstration of Irresponsibility

The Fiscal Management (responsibility) Act (FMRA), No. 3 of 2003 is a piece of legislation intended to enact fiscal rules in Sri Lanka. . The Act provides for measures to ensure greater transparency and reporting of fiscal performance to fac...

Financing Infrastructure: The (non) Concessionality of Concessional Loans

Sri Lanka is highly dependent on international loans from multilateral and bilateral sources to finance infrastructure development. Multilateral and bilateral borrowing is often favoured by governments such as Sri Lanka because such financing tends...