IDEAS home Printed from
   My bibliography  Save this article

Development Outcomes of Old and New Sources of International Development Finance in Sri Lanka


  • Muttukrishna Sarvananthan

    (Principal Researcher, Point Pedro Institute of Development Point Pedro)


This research article compares and contrasts development outcomes of ‘traditional’ or ‘old’ and ‘emerging’ or ‘new’ sources of international development finance in Sri Lanka during the ceasefire time (2002–2005) when it depended on former sources and the post-civil war period (2009–2012) when it depended heavily on the latter sources. It also compares and contrasts the development outcomes in Sri Lanka (a lower middle income country), which depended heavily on the ‘emerging’ or ‘new’ sources of international development finance, and Nepal (a low income country), which depended on ‘traditional’ or ‘old’ sources of international development finance, during the first five years after the end of their respective civil wars. Although the causality is difficult to establish, the data presented herein demonstrates that while GDP growth and per capita income growth have been greater under the new international development finance regime in Sri Lanka, positive changes in the rates of inflation, unemployment, and poverty have been greater under the old international development finance regimes in Sri Lanka and Nepal.

Suggested Citation

  • Muttukrishna Sarvananthan, 2017. "Development Outcomes of Old and New Sources of International Development Finance in Sri Lanka," Journal of Developing Societies, , vol. 33(4), pages 488-516, December.
  • Handle: RePEc:sae:jodeso:v:33:y:2017:i:4:p:488-516
    DOI: 10.1177/0169796X17735241

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item

    References listed on IDEAS

    1. Charles Gore & Lauren Walshe Roussel, 2013. "The Changing Donor Landscape In Nicaragua: Rising Competition Enhances Ownership And Fosters Cooperation," Journal of International Development, John Wiley & Sons, Ltd., vol. 25(6), pages 802-818, August.
    2. Jing Gu & Xiaoyun Li & Gerald Bloom & Xiulan Zhang, 2014. "Introduction: China and International Development: Challenges and Opportunities," IDS Bulletin, Blackwell Publishing, vol. 45(4), pages 1-5, July.
    3. AfDB AfDB, . "Annual Report 2012," Annual Report, African Development Bank, number 461.
    4. World Bank, 2016. "World Development Indicators 2016," World Bank Publications - Books, The World Bank Group, number 23969, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gonchigsumlaa, Ganzorig & von Cramon-Taubadel, Stephan & Soninkhishig, Nergui & Buerkert, Andreas, 2019. "Competitiveness of sea buckthorn farming in Mongolia: A policy analysis matrix," MPRA Paper 109876, University Library of Munich, Germany, revised 20 Apr 2020.
    2. José Antonio Rodríguez Martín & Juan Dios Jiménez Aguilera & José Antonio Salinas Fernández & José María Martín Martín, 2016. "Millennium Development Goals 4 and 5: Progress in the Least Developed Countries of Asia," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 129(2), pages 489-504, November.
    3. Craig Garthwaite & Tal Gross & Matthew J. Notowidigdo, 2014. "Public Health Insurance, Labor Supply, and Employment Lock," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(2), pages 653-696.
    4. Jan Fagerberg & Bengt-Åke Lundvall & Martin Srholec, 2018. "Global Value Chains, National Innovation Systems and Economic Development," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 30(3), pages 533-556, July.
    5. Tarek Roshdy Gebba & Mohamed Gamal Aboelmaged, 2016. "Corporate Governance of UAE Financial Institutions: A Comparative Study between Conventional and Islamic Banks," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 6(5), pages 1-7.
    6. Nelson, Ewan & Warren, Peter, 2020. "UK transport decoupling: On track for clean growth in transport?," Transport Policy, Elsevier, vol. 90(C), pages 39-51.
    7. Keller, Wolfgang & Utar, Hale, 2023. "International trade and job polarization: Evidence at the worker level," Journal of International Economics, Elsevier, vol. 145(C).
    8. Antonio Bassanetti & Matteo Bugamelli & Sandro Momigliano & Roberto Sabbatini & Francesco Zollino, 2014. "The policy response to macroeconomic and fiscal imbalances in Italy in the last fifteen years," PSL Quarterly Review, Economia civile, vol. 67(268), pages 55-103.
    9. Almeida, Alexandre N. & Bravo-Ureta, Boris E., 2019. "Agricultural productivity, shadow wages and off-farm labor decisions in Nicaragua," Economic Systems, Elsevier, vol. 43(1), pages 99-110.
    10. Joseph I. Uduji & Elda N. Okolo-Obasi & Simplice A. Asongu, 2019. "Responsible use of crop protection products and Nigeria's growth enhancement support scheme," Development in Practice, Taylor & Francis Journals, vol. 29(4), pages 448-463, May.
    11. Dreher, Axel & Fuchs, Andreas & Langlotz, Sarah, 2019. "The effects of foreign aid on refugee flows," European Economic Review, Elsevier, vol. 112(C), pages 127-147.
    12. Peter J. Rimmer, 2014. "Asian-Pacific Rim Logistics," Books, Edward Elgar Publishing, number 12949.
    13. Clarete, Ramon L. & Villamil, Isabela Rosario G., 2015. "Readiness of the Philippine Agriculture and Fisheries Sectors for the 2015 ASEAN Economic Community: A Rapid Appraisal," Research Paper Series DP 2015-43, Philippine Institute for Development Studies.
    14. Iseghohi Judith Omon, 2021. "Migrant Remittances and Health Outcomes in the West Africa Monetary Zones (WAMZ)," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 24(81), pages 15-32, September.
    15. Markus Brueckner & Ngo Van Long & Joaquin L. Vespignani, 2020. "Non-Gravity Trade," Globalization Institute Working Papers 388, Federal Reserve Bank of Dallas.
    16. Li, Xi & Yu, Biying, 2019. "Peaking CO2 emissions for China's urban passenger transport sector," Energy Policy, Elsevier, vol. 133(C).
    17. Emanuel, Elizabeth & Alleyne, Dillon & Phillips, Willard, 2013. "An assessment of fiscal and regulatory barriers to the deployment of energy efficiency and renewable energy technologies in Saint Lucia," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38502, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    18. Gang Chen, 2015. "From mercantile strategy to domestic demand stimulation: changes in China's solar PV subsidies," Asia Pacific Business Review, Taylor & Francis Journals, vol. 21(1), pages 96-112, January.
    19. Cristian Pana, 2013. "The National Central Bank’S Management Of Reserve Requirements," Working papers 16, Ecological University of Bucharest, Department of Economics.
    20. Tanu M Goyal & Arpita Mukherjee, 2017. "Trade Agreements and Services Value Chain: The Case of India and Thailand," Applied Finance and Accounting, Redfame publishing, vol. 3(1), pages 11-23, February.


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:jodeso:v:33:y:2017:i:4:p:488-516. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.