Peace secretariat chief asks MIGA to take a look at North East Sri Lanka

Ishara S. Kodikara | AFP | Getty Images Sri Lanka Prime Minister Ranil Wickremesinghe, center, speaks to supporters at the prime minister's official residence in Colombo on December 16, 2018, after he was reappointed as prime minister by Sri Lanka's president, the same man who fired him from the job nearly two months ago.

The head of the government’s peace secretariat says non – economic incentives are needed to push investment in the North East. The head of the government’s peace secretariat says non – economic incentives are needed to push investment in the North East. Peace Secretariat Chief Jayantha Dhanapala, has invited Multilateral Investment Guarantee Agency (MIGA) to look into the possibility of underwriting investments in the area.

“We must understand the economic causes of the conflict. Not only the political causes but there are many deep-seated economic causes. The sooner we realize that the better it is for us to ensure the economic underpinnings of peace are put in place so that the Ceasefire Agreement can mature into a permanent peace,” he notes.

“We need to have investment promotion strategies for conflict affected areas. There must be innovative and non-economic incentives to ensure the private sector goes to the north and east and invest there.”

“I know there is always the risk factor but if you do not take risk also that can lead to the perpetuation of the conflict; the under development and the seeds of conflict