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The Pathfinder Foundation Felicitated

Mr.-MM-Receiving-Award2The Embassy of the People's Republic of China in Sri Lanka recognized the Pathfinder Foundation as one of its top 10 partners at a ceremony to mark Chinese New Year and Sri Lanka's National Day held at the BMICH on Friday 17th January. President Mahinda Rajapaksa, Prime Minister D.M Jayaratne, Minister of Health Maithreepala Sirisena, Minister of External Affairs G.L Peiris and Secretary to the President Lalith Weeratunga were among those present at this ceremony. Here Chinese Ambassador Wu Jianghao presents the top 10 partners award to Mr. Milinda Moragoda, Founder of the Pathfinder Foundation.

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Benefitting from the Korean Miracle and Diversifying our Economic Relations

The Republic of Korea (ROK)’s development record is arguably the most impressive since the end of the Second World War. The country experienced harsh Japanese rule and subsequently the Korean War (1950-53) which resulted in the partition of the peninsula. ROK has, therefore, had to come through periods of conflict involving each of its two larger neighbours: Japan and China during the last 100-years. Despite this, thriving economic relations with its two neighbours have been a major part of ROK’s success over the last five decades; as has been the US defence umbrella and economic support.

Last Updated on Wednesday, 09 September 2015 12:07

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Why are we so afraid of India?


Time to grasp the opportunity?
In recent days, important voices have been raised about the dangers of completing the Comprehensive Economic Partnership Agreement (CEPA) with India and constructing a land bridge between the two countries. It is noteworthy that the focus has not been on exploring whether the CEPA and the land bridge can be favourable for Sri Lanka. Instead, there has been a clamour to throw the baby out with the bathwater. This article seeks to make the case that both the CEPA and the land bridge are opportunities rather than threats. However, it is important that the CEPA is negotiated in a manner that furthers Sri Lanka’s interests. The article also makes the case that the land bridge should be seen in the context of a pan-Asian and sub-regional push towards greater connectivity.

Last Updated on Tuesday, 18 August 2015 11:43

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Central Bank of Sri Lanka (CBSL) - Reserve Bank of India (RBI) SWAP Arrangement Indian support in time of need

The RBI has stepped in to provide timely support to Sri Lanka when its external finances were deteriorating and the currency was under pressure. The $400 million, drawn upon by the CBSL under the SWAP arrangement with the RBI, was one of the outcomes of Prime Minister Modi’s visit to Sri Lanka. There is a further $1.1 billion which can be utilized. These arrangements are providing much-needed insurance against depleting external reserves and a boost to the creditworthiness of the country. However, it is important to realise that the support provided by the SWAP arrangement with the RBI only serves to buy time. It does not address the underlying causes of the elevated risks associated with the country’s external position.

Last Updated on Wednesday, 27 May 2015 14:28

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