Based on a new Working Paper by IPS researchers titled ‘Incentivizing Foreign Investment in Sri Lanka and the Role of Tax Incentives’, this article argues that a key medium-term challenge facing the country is to find a balance between providing a competitive tax incentives regime to attract FDI and keeping tax foregone to a minimum in order to preserve domestic revenue.
G.D. Dayaratne of the Health Economics Policy Unit of IPS writes a special feature article marking World Health Day (7th April). He argues that it is exceedingly important that the public dismisses the false notion that PPPs will lead to the privatization of the public health care delivery system. Public health authorities have a responsibility to reap the benefits from PPP arrangements, in order to reduce cost, share resources, provide quality assurance, and increase the efficiency of the healthcare delivery system without compromising on equity and fairness. Hence, institutional changes may be required in both the public and private sectors, to better fulfill their social mandate and provide quality health services to the people of the country.
Marking International Women’s Day 2013 today (8th March), Sunimalee Madurawala writes on the economic costs of Violence Against Women and the urgent need for action in Sri Lanka. Sri Lanka made a promise to its women when it became a signatory to the international conventions protecting the rights of women. However this has been left on the backburner for too long and the plight of the country’s women is beginning to exert a very real economic impact on the country as a whole. Policy makers and implementers might find that it is always better to keep a promise, rather than bear the costs of a fall out.
In the second article in the Talk Nanotech special series, we have a guest article by Shalini Dharmawardena, Senior Economist (Economic Research Department) – Central Bank of Sri Lanka. She argues that the industrial thrust, budgetary allocations, commitment of financial institutions, education policy, and private sector enthusiasm will be the key success factors in achieving a competitive edge for Sri Lanka in the international nanotechnology arena. She emphasises that collaboration is essential, with a synergy of state allocated funds, private sector participation, expatriate scientists contribution, and the financial sector involvement.
An e-book of the ‘Sri Lanka: State of the Economy 2012’ containing summary information and visuals of the 7 key chapters is now available for free download. This e-book also contains links to a video presentation of the main highlights of the report.