feasibility studies Archives — LIRNEasia

The value of “technical assistance”

Posted on September 23, 2016  /  0 Comments

When I was responsible for the management of technical assistance funds made available by the World Bank for telecom and infrastructure reforms, I heard many complaints about the money all going to foreign consultants and nothing remaining in Sri Lanka. I responded to this criticism in a substantive manner a few years back in LBO. But here is another relevant element. How much money do you waste by not mobilizing technical expertise at the right time? Deputy Foreign Minister Harsha de Silva pointed out that the then government has spent just one million rupees before wasting 350 million US dollars for setting up the emptiest international airport in the world.