Publication: Investing in Infrastructure : Harnessing Its Potential for Growth in Sri Lanka
Date
2013-06-03
ISSN
Published
2013-06-03
Author(s)
Biller, Dan
Nabi, Ijaz
Abstract
The report starts with an overview and
introduces the main findings. It addresses major
constraints, instruments, and outcomes important to unleash
the potential of infrastructure investments and policy
fine-tuning. Chapter one discusses the infrastructure and
growth nexus, given the country's macroeconomic
scenario. It examines the long-term sustainability,
particularly considering the Mahinda Chintana's high
infrastructure investment targets, and how the country can
achieve its high economic growth targets, given its
historical and current investment levels. Chapter two argues
that the two principal drivers of sustained high economic
growth and productive employment are: (a) international
competitiveness that results in export-led growth; and (b)
urbanization that facilitates productive economic activity.
Chapter three reviews key infrastructure sectors to identify
the regulatory issues that need to be addressed and estimate
the needed investment. Redressing infrastructure
constraints, however, cannot be piecemeal and product
specific. Instead, a sector-wide approach is needed. In
light of the large investment requirement and high public
debt and deficit, chapter four discusses the potential of
public-private partnership in infrastructure delivery and
supportive regulatory reform. Finally, chapter five
concludes the analysis, summarizing major highlights.
Citation
“Biller, Dan; Nabi, Ijaz. 2013. Investing in Infrastructure : Harnessing Its Potential for Growth in Sri Lanka. Directions in Development--Infrastructure;. © Washington, DC: World Bank. http://hdl.handle.net/10986/15810 License: CC BY 3.0 IGO.”