Income poverty (IP) has been decreasing steadily in Sri Lanka during the last three decades. However, there is much more to be done in terms of “ending poverty in all its forms everywhere,” as envisaged in the first Sustainable Development Goal (SDG). In this regard, it is essential to pay attention to the existing regional variations, disparities between socio-economic groups, the multidimensional nature of poverty, and related issues, when developing poverty alleviation strategies.
In Sri Lanka, the tourism sector boasts of a vast potential to reach economic growth targets. It can also help achieve all 17 Sustainable Development Goals (SDGs). As such, this blog discusses some of the ways in which tourism could make useful contributions towards reducing poverty and inequality, conserving the environment, improving water and sanitation, and promoting public-private partnerships.
The International Day for the Eradication of Poverty is observed on 17 October 2017, under the theme “Answering the call of October 17 to end poverty: A path toward peaceful and inclusive societies.” The Sustainable Development Goals Framework is a transformative agenda which affirms that poverty is the greatest global challenge which must be overcome in order to realize sustainable development. Hence, this article reviews the relevance of the SDG Agenda to Sri Lanka’s national policy outlook, specifically in terms of reducing inequalities and attaining social development.
Poverty is a significant indication of a nation’s human development and social economic status. As such, eradicating extreme poverty and reducing all dimensions of poverty is an important Sustainable Development Goal. This article by Wimal Nanayakkara looks at the status of poverty in Sri Lanka, based on different poverty lines, both national and global. The estimates are based on the “Household Income and Expenditure Survey-2012/13” (HIES-12/13), conducted by the Department of Census and Statistics (DCS).
Regulating Financial Services for the Poor in Sri Lanka: A Closer Look at the Long-Awaited Microfinance Act
This article reviews the Microfinance Act of Sri Lanka that came into effect in July 2016 and discusses its benefits and concerns.