Coronavirus Outbreak

COVID-19: a wake-up call for Sri Lanka’s tea industry

By the time COVID-19 hit, Sri Lanka’s tea production and export earnings had already been on a declining trend. The adverse weather conditions and long-term structural issues such as labour shortages and lack of technological application have affected production levels over time. With the first wave of the pandemic, the vulnerabilities of the tea sector were exposed. Now, Sri Lanka and most of the main tea buyers are experiencing a second wave which can have far reaching negative consequences than previously anticipated. This blog discusses the impacts of COVID-19 on Sri Lanka’s tea industry and the different mitigation strategies that the government can adopt to revive the industry.

Fiscal Policy Responses to COVID-19: What Can We Learn from the International Context?

Amidst the severe disruptions triggered by the COVID-19 pandemic, it is important for economies to formulate and implement effective policies to mitigate the negative impacts induced by the crisis. Given the fact that Sri Lanka is an aspiring upper-middle-income country (UMIC), this blog examines fiscal responses by affected countries including Sri Lanka, at different income levels – i.e. high-income countries (HICs), middle-income countries (MICs), and low-income countries (LICs) in line with multilateral financial institutions’ (MFIs) recommendations.

Pandemic Recovery in Urban Settings: Planning for the Unplanned

As the world responds to the COVID-19 pandemic and works towards recovery, Sri Lanka should explore ways of halting the spread of future pandemics, stimulating recovery, and building resilience in underprivileged urban settings. This blog discusses how Sri Lanka can address these challenges.

Building Back Better: Reviving Sri Lanka’s Economy Beyond COVID-19

The Sri Lankan economy is likely to face a contraction in 2020 as a direct result of the COVID-19 pandemic but there is potential for this to be followed by a sharp V-shaped economic recovery. The means of navigating such a recovery path were discussed at a webinar panel discussion held last Thursday (15th October) to mark the release of the Institute of Policy Studies of Sri Lanka’s (IPS) flagship report ‘Sri Lanka: State of the Economy 2020’.

Weathering Disasters: Why it Pays to be Prepared

Disasters such as COVID-19 can significantly impede development. While it is difficult to avoid being affected by disasters, disaster preparedness can reduce the costs, and quicken the recovery.