Abstract
Sri Lanka is a middle income country with a gross domestic production of about $ 50 billion. The human development index places Sri Lanka at the 97 th position. Gender Inequality Index (GII) rank Sri Lanka at 74. The Gini index has reduced from 46 in 1995 to 40.3 in 2007; however, the economic inequalities are severe among rural areas. There is a significant discrepancy between the gender in terms of economic opportunities and economic status. The majority of Sri Lanka's workforce resides in rural areas and is engaged in agricultural activities. A significant share of the agricultural production is still used for self-sufficiency. Economic performance and poverty are not evenly spread across the nine provinces in Sri Lanka and serious regional disparities exist. Despite the many interventions by donor community and the government, there is a growing debate on the effectiveness of these aids on reducing the poverty of the rural Sri Lanka and ensuring sustainable, inclusive and equitable growth. This study looked at Uva and North Central provinces where the poverty rates are extremely high while donor interventions on economic development are high as well. Level of success derived from donor funded economic development projects vary based on the duration of the project where some instances such as adaptation to new and environmentally friendly agriculture farming methods are only being introduced through long term projects yet failing to motivate the youth. There are disparities among the women headed households in receiving the livelihood supports both short and long term. While male headed households are more successful in utilizing economic development initiatives to ensure their livelihoods, female headed households have failed to do so. 1. Background
Highlights
More than a statement of general principles, the Paris Declaration of 2005, lays out a practical, action-orientated roadmap to improve the quality of aid and its impact on development
This study focused on looking at the aid effectiveness of economic development projects of both long term and short term, at community levels
In securing aid effectiveness of economic development projects, long term and short term projects are successful at different levels
Summary
More than a statement of general principles, the Paris Declaration of 2005, lays out a practical, action-orientated roadmap to improve the quality of aid and its impact on development. It puts in place a series of specific measures for implementation and establishes performance indicators that assess progress. Alignment, harmonization, managing for results and mutual accountability are the five main principles that are agreed up on in effective aid management By implementing these principles, the countries and organizations that endorsed the Paris Declaration are making major breakthroughs in improving aid effectiveness, tackling issues that have hampered development for decades. While future outlook suggest that there will be a shift in aid towards middle-income countries in the Far East and South and Central Asia, primarily China, India, Indonesia, Pakistan, Sri Lanka, Uzbekistan and Vietnam, it is utmost important that these aid be used in an effective manner, in line with the principles of the Paris Declaration of 2005
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
