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 Thursday, 06 March 2014 09:18
Learning from History and the World.
Sri Lanka’s financial sector has experienced significant developments since partial liberalization in the post-77 era. To move from a highly protected environment to a liberalized economy may have required some shock treatment such as the opening of the financial sector. However, unfortunately, the lack of a clear strategy and ad hoc approach to regulation has led to the emergence of a plethora of banking and non-banking financial institutions servicing a limited segment of the population and geographical areas of the island. In realizing that the financial system is the lifeblood of an economy the Central Bank of Sri Lanka (CBSL) has drawn a roadmap for more a efficient and competitive financial system in the country.
Last Updated on Thursday, 06 March 2014 09:19
Category: Economic Alert Published on Friday, 24 January 2014 14:08
The Challenge: Macroeconomic Stability and Strategic Action
There has been an improvement in macroeconomic conditions since the introduction of the stabilization measures introduced in Feb/March 2012. Inflation has abated and the balance of payments has improved.
Last Updated on Friday, 24 January 2014 14:08
Category: Economic Flash Published on Tuesday, 11 March 2014 10:24
There is a strong consensus that entrepreneurship is crucial for driving the innovation and change that is essential for successful development in a highly competitive global economy. It is particularly so for small economies that are more reliant on external demand (exports) to achieve high growth on a sustained basis. Entrepreneurial success is also an important means of achieving equitable and regionally balanced development as it is an important determinant of spreading the benefits of growth to women, youth and other groups who have difficulty in starting and growing businesses.
Last Updated on Tuesday, 11 March 2014 10:27