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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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EASE OF DOING BUSINESS: Low Hanging Fruit for the New Regime

At the conclusion of the parliamentary election a new government has been formed under the Premiership of Hon. Ranil Wickremesinghe. It is important to emphasise the need for introducing immediate policy reforms to accelerate economic growth and development. The new government’s manifesto sets out a major reform program. In this regard, the Pathfinder Foundation (PF) has frequently highlighted the need for macro-economic policy adjustments as a pre-condition for sustained growth. While such stabilization is necessary to create a conducive growth framework, priority should be attached to implementing programs which bring about an attractive investment climate as quickly as possible. This is particularly urgent as the current set of domestic and international circumstances make it difficult to stimulate the lagging growth rate through macroeconomic policy adjustments.

Last Updated on Monday, 24 August 2015 15:03

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Politics is Dominating Economics: A recipe for a hard-landing

Sri Lanka is once again allowing politics to suppress and postpone urgently needed economic policy reforms. Since independence, time and again political opportunism and short-term political expediency have undermined sound economic policy-making. Politicians have been able to get away with this partly due to the low level of economic awareness among the population. While Sri Lankans are knowledgeable and engaged on political issues, their interest in economic issues is governed by an entitlement culture, which has been fostered by politicians from all parties.

Last Updated on Thursday, 18 June 2015 10:57

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Don’t take your Eyes off the Ball and Endanger the Economy

The current government has attached high priority to the constitutional amendments, electoral reform and reconciliation. These are undoubtedly extremely important national issues which need to be addressed. However, it is important not to lose sight of the imperatives for urgent economic reform. The Pathfinder Foundation (PF) has constantly argued for the need to stabilize the economy through fiscal consolidation and to increase productivity/competitiveness through structural reforms.

It is unrealistic to expect major economic reforms just before the general elections. However, the authorities need to be vigilant about emerging macroeconomic pressures and the need to have a clear plan for structural reforms going forward. The following challenges require attention.

Last Updated on Thursday, 09 April 2015 11:05

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