Dr. Dushni Weerakoon highlights need for powerful health interventions
15 December 2020
Dr. Dushni Weerakoon participating at the panel discussion on ‘V(accine) Shaped Recovery? Medical Factors and Economic Implications’ at the Fourth Annual Asia Securities Investment Conference 2021 highlighted three priority areas for attention as Sri Lanka attempts to bridge the disruptions arising from the second wave of COVID-19 infections.
The first is to look at what additional financing options are available to help meet healthcare costs, and keep businesses going given that Budget 2021 preparations were done at a time when the country’s health situation was much more comfortable. Second, given that economic recovery will hinge on stronger income and consumption growth, getting people back into employment will be a priority. However, with around 68% of Sri Lanka’s labour force in informal employment, the health interventions have to be powerful enough to instil confidence in the workforce to resume livelihoods. A third priority going forward will be to ensure credibility on medium-term policy frameworks of how financing gaps will be bridged so that investors have confidence that beyond the immediate crisis period, macroeconomic stability will be maintained.