When was colombo plan established

Country of origin:. Sri Lanka. Share on social media:. Migration journey. Back to top. While recognising the need for physical capital to provide the lever for growth, the Colombo Plan also emphasised the need to raise the skill level to assimilate and utilise the physical capital more efficiently.

In the early years, Colombo Plan assistance from developed to developing countries comprised both transfer of physical capital and technology as well as a strong component of skills development. Hence, while infrastructure by the ways of airports, roads, railways, dams, hospitals, fertilizer plants, cement factories, universities, and steel mills were constructed in member countries through Colombo Plan assistance, a large number of people were simultaneously trained to manage such infrastructure and the growing economies.

Over the years, while adhering to the concept of human resource development and south-south cooperation in addressing issues of economic and social development, the programme contents of the Colombo Plan has been changing to take account of the needs of the member countries in a fast changing world economic environment. In the early years, the training programmes were more of a long-term nature while recent programmes have been focusing on providing advance skills and experience sharing aimed at arriving at the best practices in different fields of economic and social activities as a means of good policy making and governance.

Colombo Plan The Colombo Plan was a post-colonial initiative launched in , initially by seven Commonwealth nations, to boost Asian economic and social development through economic and technical assistance. Wendy Rimon. Copyright , Centre for Tasmanian Historical Studies.