LatestWith a domestic market of only 20 million consumers with a modest per capita income, Sri Lanka needs to look beyond its borders and increase its global competitiveness to sustain high and long-term growth. To that end, Sri Lanka’s new Vision 2025 sets out a course of reforms to make the country more competitive and lift all Sri Lankans’ standards of living. Sri Lanka’s Growth is Geographically Uneven Vision 2025 pinpoints how unequal economic development across provinces has contributed to large income disparities in Sri Lanka. In this context, the Government’s commitment to supporting Private Public Partnerships (PPPs) to reduce reliance of public funds for infrastructure will require greater private sector financing. This is central to the World Bank’s strategy to maximize finance for development through the participation of the private sector.

Source: Sunday Times October 18, 2017 09:11 UTC