Sri Lanka need to build human capital for post-war growth

Sri Lankan President Maithripala Sirisena (L) and Sri Lankan Prime Minister Ranil Wickremasinghe gesture as Sri Lankan Finance Minister Ravi Karunanayake (unseen) presents a supplementary budget to parliament, marking the first economic policy statement of the new government which came to power earlier in the month in Colombo on January 29, 2015. Sri Lanka's new government announced hefty taxes on top companies in a bid to raise revenue, accusing the previous regime of fudging the figures and leaving the economy in a "sad state". AFP PHOTO / Ishara S. KODIKARA (Photo credit should read Ishara S.KODIKARA/AFP/Getty Images)

Nov 21, 2010 (LBO) – The greatest need for post-war Sri Lanka’s plans for accelerated economic growth is an adequate and appropriate human capital base, a top economist and educator has said. Sri Lanka is chasing 8.0 percent growth after ending a 30-year war with Tamil separatists terrorists.

“Sri Lanka which is after the war is now planning for accelerated economic growth and the main challenge is the lack of adequate and appropriate human capital.” W.A Wijewardane, president of the Business Management School (BMS).

“It is our duty to build up the knowledge base and human capital of the country to attain accelerated economic growth.”

Wijewardene was addressing recently passed out graduates at the BMS. A top macroeconomist, he was a former deputy governor of Sri Lanka’s central bank.

BMS runs affiliated degree programs with UK universities and examining bodies.

“It is important to acquire educational qualifications that are internationally recognized,” Tony Reilly, director of the Colombo office of the British Council, which promotes cultural and educational links with Britain said.

“And then staying home in this country to take advantage of the abundant oppo