The U.S. Embassy is pleased to announce Sri Lanka’s USAID-funded
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The U.S. Embassy is pleased to announce Sri Lanka’s USAID-funded

Sri Lanka Energy Project (SLEP) has received top honors at the 2024 annual conference for the Society for International Development, the premier U.S. event for international development professionals. The award was given in recognition of the innovative solar-powered electric vehicle battery swapping stations owned and operated by Sri Lanka’s Sling Mobility (Pvt.) Ltd., particularly highlighting…

Brief Report on Sri Lanka’s Doing Good Index 2024
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Brief Report on Sri Lanka’s Doing Good Index 2024

The Doing Good Index (DGI) 2024 evaluates the environment for social investment in Sri Lanka across four sub-indexes: Regulations, Tax and Fiscal Policy, Procurement, and Ecosystem. Here’s a summary of Sri Lanka’s performance compared to the Asia average: 1. Regulations: Number of Clearances Required to Register: Sri Lanka requires only one clearance to register a…

The Impact of the Indian Election on Sri Lanka
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The Impact of the Indian Election on Sri Lanka

India, the world’s largest democracy, has a profound influence on its neighbouring countries, including Sri Lanka. The Indian general election, a massive democratic exercise involving over 900 million eligible voters, determines the political direction of the country for the next five years. In the recent election, Prime Minister Narendra Modi secured a significant victory with…

If the country will be bankrupt again, the recovery will take around 10-12 years, warns Minister Shehan Semasinghe
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If the country will be bankrupt again, the recovery will take around 10-12 years, warns Minister Shehan Semasinghe

State Minister of Finance Shehan Semasinghe said that the impact of political power struggles must not be detrimental to addressing the economic crisis. He detailed the government’s strategic measures since 2022, which have been crucial in stabilizing the economy. The Minister emphasized that the decisions taken by the President and the government, supported by parliamentary…

Rs. 20 Bn Plan to Revolutionize Rural Agriculture
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Rs. 20 Bn Plan to Revolutionize Rural Agriculture

The Ministry of Agriculture and Plantation Industries announced a substantial investment of 20.6 billion rupees in upcoming months to enhance rural development and elevate living standards for citizens. Minister Mahinda Amaraweera emphasized that the government is commited to implementing a range of projects to achieve these goals. As part of this effort, officials have been…

President Wickremesinghe Outlines Economic Recovery and Restructuring Plans in Parliamentary Address
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President Wickremesinghe Outlines Economic Recovery and Restructuring Plans in Parliamentary Address

In a detailed address to the parliament today, Sri Lankan President Ranil Wickremesinghe presented a comprehensive update on the nation’s economic recovery and restructuring efforts, detailing significant strides made since the implementation of stringent economic reforms in mid-2023. President Wickremesinghe began his address by confirming that these reforms have initiated a period of economic growth,…

Align with government programs to bolster rural economies – President
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Align with government programs to bolster rural economies – President

President Ranil Wickremesinghe stressed that the enhancement of the rural economy pivots on agricultural advancement. He highlighted the pivotal role of dedicated government officials at the grassroots level in ensuring the success of various government initiatives aimed at rural development, notably the agricultural modernization program. The President made these remarks during his address at the…

CBSL forecasts economy to grow by 3% in 2024
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CBSL forecasts economy to grow by 3% in 2024

The Central Bank expects the economy to grow by 3% this year as the benefits of the eased monetary policy stance and low inflation environment continue to be gradually channelled into the economy. The outlook comes on the back of the economy recording a positive performance in the second half of 2023 following six quarters…

Demographic Imbalance in Sri Lanka as Birth Rates Decline and Death Rates Rise
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Demographic Imbalance in Sri Lanka as Birth Rates Decline and Death Rates Rise

Sri Lanka is experiencing a significant demographic shift as the annual number of births declines while deaths increase, reports from the Registrar General’s Department and the Central Bank of Sri Lanka (CBSL) have revealed. This imbalance is expected to impact the nation’s population structure and economic stability. According to the Registrar General’s Department, the annual…

Iran reaffirms support to Sri Lanka via landmark presidential visit
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Iran reaffirms support to Sri Lanka via landmark presidential visit

In an internationally widely observed and landmark visit to Sri Lanka, the Iranian President Dr. Ibrahim Raisi yesterday renewed his country’s further support to the progress of the Indian ocean nation. In a whistle stop but highly secure tour to Sri Lanka, President Raisi inaugurated the $ 514 million worth ‘Uma Diya Janani’ multi-purpose development…