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, 09 September 2015 12:07
The Republic of Korea (ROK)’s development record is arguably the most impressive since the end of the Second World War. The country experienced harsh Japanese rule and subsequently the Korean War (1950-53) which resulted in the partition of the peninsula. ROK has, therefore, had to come through periods of conflict involving each of its two larger neighbours: Japan and China during the last 100-years. Despite this, thriving economic relations with its two neighbours have been a major part of ROK’s success over the last five decades; as has been the US defence umbrella and economic support.
Last Updated on Wednesday, 09 September 2015 12:07
Category: Economic Flash Published on Thursday, 03 September 2015 09:56
To: H.E. the President From: Pathfinder Foundation
Hon. Prime Minister
The Pathfinder Foundation (PF) at the outset wishes to emphasise the need for the government (the President, the Prime Minister, his Cabinet as well as heads of institutions dealing with key economic sectors) to operate in a well-coordinated and consistent manner. The new government, which, has committed to operate in a consensual spirit (sammuthi vaadi), needs to speak with one voice on necessary and urgent economic reforms. There have been some discordant and inconsistent voices which are a cause for concern. From the beginning, the new leadership needs to send consistent messages to business, especially local and foreign investors.
The new government is expected to begin functioning with the swearing-in of the Cabinet on 4th September. It will have to hit the ground running as there are a number of major issues which require urgent attention. These include important issues, such as responding to the UNHRC Report and Constitutional Reform. However, it is arguable that the most difficult and pressing challenges relate to the economy. These include containing short-term dangers and measures to promote long-term inclusive growth and development.
Last Updated on Thursday, 03 September 2015 09:57
Category: Economic Flash Published on Monday, 24 August 2015 15:03
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