{"id":57616,"date":"2016-08-13T16:25:05","date_gmt":"2016-08-13T23:25:05","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=57616"},"modified":"2016-08-13T16:25:05","modified_gmt":"2016-08-13T23:25:05","slug":"funding-agencies-attach-conditions-for-donations","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2016\/08\/13\/funding-agencies-attach-conditions-for-donations\/","title":{"rendered":"FUNDING AGENCIES ATTACH CONDITIONS FOR DONATIONS"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Dr Sarath Obeysekera<\/em><\/span><\/h2>\n<p>We are a poor third world country hence we depend heavily on borrowing.We go to other countries and plead aid and donations .Japan ,Korea ,UK and EU countries provide donations and attach the funding to a condition stipulating that the award of the contract should be given to\u00a0 the country who donates the money .<\/p>\n<p>As an example,Japan is providing a donation to Sri Lanka to supply large coast guard vessels ,with a condition that the ships should be built in Japan ,Sri Lankan companies do not reap any benefit .Another Japanese soft loan is given to Sri Lanka to build smaller Coast Guard Vessels ,with a condition that the contract should be carried out by Colombo Dockyard which is a Japanese own company in Sri Lanka.<\/p>\n<p>Not only Japanese take away over 50% of the profit of the company ,they supply equipment to build them thru one of the subsidiary of the Japanese owner .Then the yard used majority Indian Workers ,thus pumping out some more foreign currency out of the country.<\/p>\n<p>Other small time contractors and boat builders have no chance of reaping any benefit.<\/p>\n<p>Indian Exim Bank also gave a loan to build two number Coast Guard Vessels with a condition that they should be built in Goa shipyard in India .Another loan was given to build two bulk supply vessels to Shipping corporation and they are built in India .<\/p>\n<p>Austria give soft loans to improve infrastructure and the job should be done by an Austrian Company.<\/p>\n<p>Access built many bridges In Sri Lanka and the fabricated bridge components were brought form UK who gave the loans.<\/p>\n<p>Altair tower built\u00a0 by Indian a Company with material and most of the labour from India .<\/p>\n<p>Port City to be built by Chinese ,Hamabantota Port and Airport were built by Chinese with loans\u00a0 from China .<\/p>\n<p>Sri Lanka have no way of improving our own skills and technology as we have to depend on other countries to provide funds\u00a0 and they execute the job too.<\/p>\n<p>It is high time that the Government seriously considers this situation and rethink the strategy if and when sign ETCA<\/p>\n<p>Dr Sarath Obeysekera<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dr Sarath Obeysekera We are a poor third world country hence we depend heavily on borrowing.We go to other countries and plead aid and donations .Japan ,Korea ,UK and EU countries provide donations and attach the funding to a condition stipulating that the award of the contract should be given to\u00a0 the country who donates [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,12],"tags":[],"class_list":["post-57616","post","type-post","status-publish","format-standard","hentry","category-economy","category-forum"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/57616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=57616"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/57616\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=57616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=57616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=57616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}