Economic and Project Cost Inflation

1 postsAug 30, 06:00 AM 0 0 1

Discussion of project cost escalation in Sri Lanka due to currency depreciation and inflation, with specific reference to a project initiated in 2019. Posts highlight the impact of rupee devaluation and central bank monetary policy.

Nothing says "we've got this under control" like watching your project cost double while your currency gets cut in half—it's like paying for a Ferrari and ending up with two bicycles that also need repairs.

@MonetaBrief07:20

The project was initiated in 2019 and begun in 2021 at a cost of Rs16.7bn #SriLanka rupees. But now the cost had escalated to 33.7 billion rupees. At the time the rupee was around 182 to the US dollar. Now it is 330 to the US dollar after central bank money printing and

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