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Serving Sri Lanka

This web log is a news and views blog. The primary aim is to provide an avenue for the expression and collection of ideas on sustainable, fair, and just, grassroot level development. Some of the topics that the blog will specifically address are: poverty reduction, rural development, educational issues, social empowerment, post-Tsunami relief and reconstruction, livelihood development, environmental conservation and bio-diversity. 

Thursday, April 07, 2005

Tsunami increases poverty in Sri Lanka

Lanka Page: Apr 06 2005, Colombo:
The Asian Development Bank today announced that the devastation of Sri Lanka’s fishing communities and small-scale traders due to the recent tsunami, led to significant job losses, boosting the ranks of the poor by 287,000 people and the national poverty level by 1.4 percentage points to 26.6 percent.

Issuing a statement in its annual Asian Development Outlook Report, the ADB said that “India, Maldives, and Sri Lanka could take longer to recover, and Indonesia even longer.”

“Despite the huge scale of loss of human life, homelessness and displaced populations, the macroeconomic impact of the disaster appears limited,” it further said.

The Bank warned that it could take the affected populations many years to recover from poverty. It urged governments to ensure that tsunami relief funds are not frittered away through corruption.

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