Sri Lanka, Oct. 29 -- UNDP Country Economist Dr. Vagisha Gunasekara said that Sri Lanka's bargaining power in seeking further assistance from creditors and donors could be weakened, unless the country improves its ability to implement projects and disburse funds efficiently.Sri Lanka Travel

She said that despite improved tax collection and funds accumulating in the Treasury, public investment remains sluggish. "By the middle of this year, only 16.7 percent of the capital budget had been spent, according to figures reported by the World Bank and the Government", she said.

Delivering a lecture on 'Innovative Financing for Development Debt Restructuring and the Role of BRI' organised by Belt and Road Initiative of Sri Lanka (BRISL) Dr. Gun...