The 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.
Category: Economic Alert Published on Wednesday, 27 May 2015 14:28
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
Category: Economic Alert Published on Tuesday, 28 April 2015 11:00
With the end of the 100 days, moves are currently afoot to complete the constitutional amendments and electoral reform. Elections are also on the horizon. The Pathfinder Foundation is of the view that once these important measures are completed, high priority should be attached to the imperatives for urgent economic reforms. Recent developments have made this even more important.
Last Updated on Tuesday, 28 April 2015 11:00
Category: View Point Published on Wednesday, 22 April 2015 11:16
Authored by Mr. Bernard Goonetilleke, Former Secretary Ministry of Foreign Affairs and the Chairman of the Pathfinder Foundation
The spirit of good neighbourliness is a cherished attribute particularly when nations share natural resources. Legal experts at the UN developed draft principles on shared natural resources, which were adopted by the UN General Assembly in 1979 (Res. 34/186). Principle 3 of the guideline states, “States have… the sovereign right to exploit their own resources pursuant to their own environmental policies, and the responsibility to ensure that activities within their jurisdiction or control do not cause damage to the environment of other States or of areas beyond the limits of national jurisdiction”.
Last Updated on Sunday, 12 July 2015 11:15