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Item Country Study Prepared for the project Southern Perspectives on Reform of the International Development Architecture: Sri Lanka(The North-South Institute, 2007) Kelegama, Saman; De Mel, DeshalThis paper is written as part of an overall study on Southern perspectives on reform of the international development architecture. Sri Lanka’s case study as expressed in this paper is one of particular interest. The present government is pressing for increased policy space from donor imposed conditions in the backdrop of the country’s present circumstances as a conflict country with substantial aid reliance given the urgent requirement for investment in public infrastructure. These conflicting needs of increased funding and greater policy space have pushed the government towards alternative sources of finance, moving beyond the concessional lending of international financial institutions, towards commercial borrowing and emerging bilateral donors. The paper explores the opportunities and challenges offered by this new path. It provides some background information on Sri Lanka’s recent relationship with international donors including the roles played by the Bretton Woods institutions, the UN system, bilateral donors, and NGOs.