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Sri Lanka elected to the UN Commission on International Trade Law
Sri Lanka was among thirty-one (31) members elected to the United Nations Commission on International Trade Law (UNCITRAL) by the UN General Assembly on 20 November 2024. Sri Lanka contested for a seat from the Asia Pacific Group, and secured 177 votes. This was the second highest number of votes within the group, and second […]
‘ Forum Ready to Collaborate with Govt for Economic Revival & Food Security
The Sri Lanka Agripreneurs’ Forum (SLAF) congratulates the newly elected government and parliament, expressing optimism for a transformative era in Sri Lanka’s agricultural and economic landscape. SLAF firmly believes that the new government, with its visionary leadership, has the potential to bring about the comprehensive changes needed to uplift the agriculture sector. This leadership offers […]
Reducing Sovereign Stresses Will Support Sri Lankan Banks’ Credit Profiles: Fitch Ratings
Sri Lankan banks’ operating environment (OE) assessment and overall credit profiles will be supported by any improvement in the sovereign’s credit profile (Long-Term Foreign-Currency IDR: RD, Long-Term Local-Currency IDR: CCC-) following a completed debt restructuring, says Fitch Ratings. This is due to the strong link between sovereign financial health and banks’ operating conditions. We believe […]
IMF Staff-Level Agreement on Third Review of EFF Expected This Week: President Says Parliament
The President announced in Parliament that a staff-level agreement (SLA) with the International Monetary Fund (IMF) on the third review of Sri Lanka’s Extended Fund Facility (EFF) is anticipated this week. This announcement was made during the inaugural session in Parliament after the general election, highlighting the critical role of this agreement in securing continued […]
Unveiling the Silent Stakeholder: The Call for Farm Animal Welfare in Sustainability Reporting
A ground-breaking study by researchers Saviesha Samaraweera and Isuru Manawadu from the University of Sri Jayewardenepura sheds light on an overlooked dimension of corporate responsibility in Sri Lanka. Farm animal welfare (FAW) is a pressing ethical concern within the global food industry, yet it remains glaringly absent in many corporate sustainability reports. In Sri Lanka, […]
ADB approves USD200 mn policy-based loan to help Sri Lanka strengthen its financial sector
The Asian Development Bank (ADB) today approved a $200 million policy-based loan to further help the Government of Sri Lanka strengthen its financial sector. This second subprogram of ADB’s Financial Sector Stability and Reforms Program builds on the stabilization and crisis management measures put in place under the first subprogram approved in 2023. “Sri Lanka […]
Sri Lanka Recognized as a Tier 2 – Advancing Country in the Global Cybersecurity Index
Sri Lanka has made significant strides in strengthening its cybersecurity landscape, positioning itself as a leader in the region. This progress is reflected in its recognition as an “Advancing” country in the Global Cybersecurity Index (GCI), which highlights its commitment to enhancing cybersecurity practices across multiple pillars. The Global Cybersecurity Index (GCI) that published by […]
Opinion: Good Governance – The People’s Expectations from Sri Lanka’s New Government
By Uddeepa Peiris Sri Lanka’s new government and cabinet, ushered in with promises of change and progress, face the crucial task of meeting public expectations for good governance. After years of political and economic instability, Sri Lankans demand a transparent, accountable, and people-centric administration that can drive the nation toward sustainable development. Drawing lessons from […]
President Dissanayake Urges IMF to Strike a Balance in Economic Recovery Program
The government of President Anura Kumara Dissanayake reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance Sri Lanka’s economic recovery within the context of the mandate. Senior Mission Chief Peter Breuer and the IMF delegation met with President Dissanayake and key ministers of the newly-formed government at the Presidential Secretariat yesterday […]
Sri Lankan Students in the U.S. Increase by 10-pct: Open Doors Report Highlights Growing Educational Ties
The U.S. Embassy in Colombo is pleased to announce the release of the 2024 Open Doors Report on International Educational Exchange, which highlights a 10% increase in the number of Sri Lankan students studying at U.S. colleges and universities during the 2023-2024 academic year. This reflects a growing trend of Sri Lankan students seeking world-class […]