High levels of inequality impede sustainable growth and development of a country. Sri Lanka made impressive strides to reach an upper middle-income country (UMIC) status in July 2019, only to slip back a year later. The COVID-19 crisis, amid growing inequities, is likely to make the task of regaining UMIC status even harder. This blog highlights the main sectors and social groups that are adversely affected, and explains the need for inclusive economic growth (IEG) post-COVID-19 for Sri Lanka to emerge as a peaceful and developed country.
With the closure of schools following the COVID-19 outbreak and the sudden shift to online learning, poor children with no access to e-learning opportunities risk falling even further behind. In this context, some proposals made in Budget 2021 to improve the education system and reduce poverty will benefit poor children who have been disproportionately affected by the pandemic. This blog highlights some of the education-related difficulties faced by poor children in Sri Lanka based on HIES data and the recent budget proposals which could help them to overcome these difficulties.
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’.
This blog highlights the incidence of NCDs, by sex, age groups and income levels, based on the Household Income and Expenditure Survey-2016, (HIES-2016), conducted by the Department of Census and Statistics (DCS). It also discusses directions for future research on NCDs and provides recommendations to tackle the NCD challenge.
The COVID-19 pandemic emerged as a public health crisis, and morphed into a global economic crisis, with severe impacts on commercial activity, employment, and trade. In Sri Lanka, the pandemic has affected revenue streams of many businesses in the country. The impact is more harshly felt by unprotected workers. This blog discusses key issues that need to be rectified in Sri Lanka’s labour market policies to face similar emergencies in the future.