An effective vaccination strategy is a necessity for countries to move beyond COVID-19. However, it also requires careful policymaking to balance the financial cost of purchasing and delivering vaccines while stimulating economic growth. This article, based on a recent IPS analysis, provides an overview of the approximate costs associated with the COVID-19 vaccination rollout in Sri Lanka and evaluates policy options to finance the initiative. The authors argue that the government is best off pursuing a medium-term self-financing option through targetted tax interventions and if required, through external financing.
Sri Lanka’s edible oil market has garnered considerable attention in recent weeks due to a series of events including the banning of palm oil imports in a bid to promote the local coconut industry and the detection of aflatoxins in imported coconut oil. The edible oil industry is important for Sri Lanka with oils and fats being a major constituent of the typical Sri Lankan diet and a raw material in manufacturing, the food manufacturing industry in particular. According to the latest available data, there are around 5,057 establishments employing 332,828 workers in the formal food manufacturing sector which generate an annual output of approximately LKR 1.4 billion. This blog assesses the local edible oil market and its potential for import substitution.
The World Intellectual Property Rights Organization (WIPO) marks IP day under specific themes, and this year, it focuses on creativity in Small and Medium Enterprises (SMEs) in bringing ideas to the market. Intellectual Property Rights (IPRs) including copyrights, trademarks, Geographical Indications (GI), patents, and sui generis systems are important in protecting and fostering creativity. This blog highlights the importance of IPRs for Sri Lanka’s creative industries and offers strategies to build stronger, more competitive and resilient businesses.
Experts at CPD-IPS-SV international webinar on the ‘Recovery of the Apparel Sectors of Bangladesh and Sri Lanka: Is a Value-chain Based Solution Possible?’ call for suppliers, buyers, governments and international organisations to work closely together for speedy and sustainable recovery of the apparel sectors from the COVID-19 shock.
Across the globe, the magnitude of the COVID-19 pandemic has sparked a new urgency around healthcare systems and universal health coverage – the access to high-quality and affordable healthcare services for all, as and when needed. The limited resources available to address multiple challenges facing the health system point to the critical need for policymakers to explore smarter ways of investing existing funds. This blog examines some areas in which health spending can be made more efficient, drawing from information collected for an ongoing IPS study.