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.
There are several Green initiatives proposed in Sri Lanka’s Budget 2018. Among these is an important proposal to provide index-based climate insurance to Sri Lankan farmers – a proposal put forth by IPS in the past. This blog analyses the feasibility of the insurance proposal and how it can be implemented successfully to benefit farmers in Sri Lanka.
Tourism is the third largest revenue earner for Sri Lanka, accounting for US$ 3.5 billion in 2016. With the rise of informal accommodation, there have been both challenges and opportunities in the industry. This blog argues that registering and regulating the informal sector is necessary to create a level playing field in the industry, to maintain standards, and to encourage small service providers.
This blog gives a comprehensive analysis of the macroeconomic proposals of Sri Lanka’s Budget 2018.
According to a study by IPS on ‘Women-owned and Led Micro, Small Medium Enterprises (WMSMEs) in Spice and Coir Sectors of Sri Lanka’, it was found that more than half of the women surveyed, ranked ‘financial concerns’ as the biggest barrier to operating and expanding their businesses. Using the experiences of one such female entrepreneur, this blog illustrates key strategies to encourage and accelerate the gainful participation of WMSMEs in Sri Lanka’s economy through easy and affordable access to finance.