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 Monday, 20 April 2015 09:29
Since the beginning of the recent Presidential election campaign, development projects initiated or implemented by the Rajapaksa administration have come under severe criticism by the opposition, mainly on the grounds of corruption or wasteful expenditure. Although the allegations are still being made and are yet to be substantiated in a court of law it is reasonable to assume that a perception has been created among the public against corruption and malpractices. However, long term socio-economic benefits of most of these projects have not been questioned by even the anti-corruption critiques. The writer can vividly remember a similar uproar against the Accelerated Mahaweli Development Project and its numerous components during the early 1980s. In both these situations, criticisms were not necessarily on the outcomes of the project implementation but on the transparency of the processes. Among the projects initiated by the previous administration which came under severe scrutiny, the largest, most diversified and integrated development project is The Colombo Port City Project (CPCP). The purpose of this article is to highlight the salient features of this landmark project and analyse the impact of implementing a project of this nature on the Island of Sri Lanka, strategically located in the Indian Ocean.
Last Updated on Wednesday, 27 May 2015 15:25
Category: Economic Flash Published on Thursday, 09 April 2015 11:05
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
Category: View Point Published on Wednesday, 01 April 2015 10:20
Authored by Dr. Sirimal Abeyratne, Prof of Economics, University of Colombo for The pathfinder Foundation
When we look at the developments in the economic policy arena after the Presidential elections, we hardly see any way forward for Sri Lanka. Apart for revisiting governance issues, what we find is policy actions that were “defensive” and “corrective” in form but is “destructive” in substance.
When I bring this to the notice of others what I hear is that “The government is now focused on the 100-day programme; and therefore, we are to wait and see how things change after that”. Surprisingly, no one seems to understand that what the government does from day one will impact the country, beyond the 100 days. After 100 days it may be too late to correct the negative repercussions of our policy blunders as they may be irreversible at least in the short-run.
Last Updated on Wednesday, 01 April 2015 10:20