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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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Enhancing the benefits from engagement with India CEPA: An opportunity to be grasped 2015

The Pathfinder Foundation (PF) since its inception in 2006 has been in the forefront in advocating closer and much more liberal trade and investment relations with an expanding Indian market. In this connection, the Foundation has commissioned several studies on opportunities arising from deepening of the existing FTA with India leading to a Comprehensive Economic Partnership Agreement (CEPA).

In order to realise the full benefits of the economic relations between any two countries the PF believes that barriers (tariff and non-tariff) must be removed in trade in goods and services. Since the beginning of the PF’s advocacy program the political landscapes of both India and Sri Lanka have changed considerably. Notwithstanding these changes it is heartening that the new Indian leader, Prime Minister Modi, has come forward emphasising the mutual benefits of signing of a CEPA between the two countries.

 

Prime Minister Modi made some important observations at the event for the business community organised by the Ceylon Chamber of Commerce (CCC). These comments provide important insights into how Sri Lanka can increase the economic benefits of increasing its engagement with India.

Last Updated on Thursday, 19 March 2015 13:40

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An Opportunity to Modi-fy the Visit

 

Mr. Modi’s visit to Sri Lanka, the first by an Indian Prime Minister in 28 years, presents an opportunity to examine the ways and means of strengthening Indo – Lanka economic relations to boost the prosperity of this country. The path of Indo – Lankan bilateral relations will have a significant influence on Sri Lanka’s ability to realise its full economic potential. Mr. Modi’s re-setting of India’s relations with its neighbours offers an opportunity which needs to be grasped. There are a number of areas where his visit can serve to advance the agenda.

Last Updated on Friday, 13 March 2015 09:36

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IMF, World Bank and other Donor Support: Should not be a pretext for avoiding economic reform

The IMF tends to be the refuge of countries that have mismanaged their economic affairs. In this context, it is important to recall that Sri Lanka has had to obtain balance of payments support from the IMF on a number of occasions. Each time, the causes have had more to do with domestic policy weakness rather than external shocks. On previous occasions, IMF support, combined with the assistance of the donor community, has enabled Sri Lanka to get over its problems without undertaking the necessary economic reforms, particularly in relation to the budget and to structural weaknesses related to low productivity and competitiveness. It is important that this should not happen yet again. It is the responsibility of both the Sri Lankan authorities and multilateral institutions to ensure that the country embarks upon a medium-term program of reforms which increases the growth potential of the economy and generates higher value employment. Some critics allege that the Fund and the Bank apply lenient conditionality when new governments of their liking are in power. Nevertheless as final outcomes of direct or indirect incentivising of the adoption of bad economic policies and neglecting fundamental economic reforms, countries have been trapped into vicious cycles of stop-go policies.

Last Updated on Tuesday, 03 March 2015 14:46

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