Category: Special Reports
Norway partners with UNDP Sri Lanka to support peace & justice
Dec 10, 2018 (LBO) – Norwegian government has entered into a partnership agreement with the UNDP Sri Lanka to extend support to UNDP Sri Lanka’s flagship portfolio on SDG (Sustainable Development Goals) 16: Peace, Justice and Strong Institutions project for the period December 2018 to December 2020. The Ambassador of Norway to Sri Lanka Thorbjørn […]
‘s health system enhancement project
Oct 26, 2018 (LBO) – Government has mobilized Grant and Concessional Loan assistance amounting to 50 million US dollars from the Asian Development Bank.This will be used to improve the efficiency, equity and responsiveness of the Primary Health Care system in line with the National Strategic Framework for Development of Health Services (2016 – 2025).The […]
Developing economies of G-24 call for global action to contain risks
Oct 11, 2018 (LBO) – Concern over rising risks to emerging market economies were center stage this week as global Finance Ministers and Central Bank Governors gathered this week in Bali, Indonesia. Bali hosted both the biannual Ministerial Meeting of the Group of Twenty-Four (G-24) developing countries and the annual meetings of the International Monetary Fund […]
US Embassy launches cultural heritage preservation project in Jaffna
Oct 10, 2018 (LBO) – US Embassy recently launched a two-year project to preserve pre-historic artifacts in the collection of the University of Jaffna. The funding is provided by the US Department of State under the Ambassadors Fund for Cultural Preservation (AFCP) and totals more than 23 million Sri Lankan rupees ($140,000). Chargé d’affaires Robert Hilton […]
IMF cuts global growth forecast to 3.7-pct for 2018, 2019
Oct 09, 2018 (LBO) – International Monetary Fund has reduced its outlook for global GDP growth by 0.2 percentage points to 3.7 percent for 2018 and 2019, according to the quarterly World Economic Outlook Report issued on Monday. Rising trade tensions and debt levels in economies has prompted the International Monetary Fund to cut its […]
Vice President of OPIC visits Sri Lanka; aims to counter debt-trap investments
Oct 05, 2018 (LBO) – Executive Vice President of OPIC, David Bohigian and other US government officials visited Sri Lanka from October 3 to 5 with the aim to promote US investment in the region and strengthened cooperation with regional allies to drive economic growth and stability.Overseas Private Investment Corporation (OPIC) is the US government’s development finance institution.The […]
US BUILD act passes House; aims to counter China’s debt-trap diplomacy
Sept 27, 2018 (LBO) – United States House of Representatives have approved the inclusion of the Better Utilization of Investments Leading to Development (BUILD) Act in the FAA Reauthorization Act of 2018.The House yesterday passed the Act by a vote of 398-23 and the legislation now heads to the Senate for consideration. BUILD Act is […]
Feature: Building Sri Lanka’s resilience to climate change
By World Bank 38-year-old Sivasidambaram Vasugi is the General Manager of one of the first cooperative-owned seed paddy processing centers in Killinochchi, Si Lanka. The Integrated Farmers Thrift and Credit Cooperative Society (IFTCCS) provides local farmers with high-quality seeds, but these days, there are no buyers walking in the door. Her community is facing a […]
Sri Lanka tops South Asia in human development index 2017
Sept 18, 2018 (LBO) – Sri Lanka has been classified under the “High Human Development” category, with a Human Development Index value of 0.770 , and ranked 76 out of 189 countries in 2017, a statement said. Between 1990 and 2017, Sri Lanka’s HDI value increased from 0.625 to 0.770, an increase of 23.2 percent. […]
Sri Lanka Economic Summit 2018 – LIVE Stream
Check the LIVE Stream of key sessions provided by Economy.lk on Youtube here.
”’: Report
Sept 10, 2018 (LBO) – Palo Alto-based venture capital firm Social Capital is “imploding,” according to a report in Axios by the venture capital reporter Dan Primack. The firm raised more than 1 billion US dollars and has invested in unicorn startups like Slack, SureyMonkey and now-public Box. The report, however, says partners are deeply […]
Hanaa Singer assumes duties as UN Resident Coordinator in Sri Lanka
Sept 07, 2018 (LBO) – Hanaa Singer, presented her credentials to President Maithripala Sirisena as the new United Nations Resident Coordinator and United Nations Development Programme Resident Representative, at his residence on Wednesday.As the most senior UN Official in the country, Ms.Singer will lead the UN Country Team of 22 Resident and Non-Resident UN Agencies and […]