Sustainable Development

Sri Lanka’s Economic Policy Choices: From Stabilisation to Growth

Sri Lanka has faced a turbulent economic journey in recent years, with 2022 witnessing an unprecedented crisis marked by a staggering 8.7% GDP contraction. The economy slowly but steadily pulled back from the abyss over the course of 2023. These positive developments are a result of the implementation of economic stabilisation measures and groundwork for institutional and regulatory reforms to support future growth. But there are concerns about the impact on the most vulnerable groups. As a country that faces years of weak growth, IPS’ ‘Sri Lanka: State of the Economy 2023’ report, explores the complex policy choices Sri Lanka faces as it navigates the path to economic recovery.

Bridging Conservation and Livelihoods: Addressing the Human-Elephant Conflict in Sri Lanka on World Elephant Day

On World Elephant Day, attention turns to the unique challenges faced by Sri Lanka in the realm of human-elephant conflict (HEC). HEC’s escalating toll paints a stark reality. Human communities endure property damage, crop loss, and tragic fatalities, amplifying poverty and socio-economic instability. In 2022, as per the Department of Wildlife Conservation (DWC), Sri Lanka documented a total of 145 human fatalities resulting from HEC. Simultaneously, elephants face habitat loss, injuries, and mortality due to retaliatory killings and encounters with human settlements. DWC reported a substantial rise in elephant mortality, reaching a peak with a recorded total of 433 deaths in 2022. Therefore, the urgent need for implementing effective solutions to minimise HEC in the country becomes paramount.

Human-Elephant Conflict: Can Insurance Help Affected Communities?

In 2019, Sri Lanka recorded the highest reported elephant deaths and second highest number of human deaths in the world due to the human-elephant conflict (HEC). Each year, the reported number of crop losses, property damage, and human and elephant deaths continue to be considerably high. These numbers could be even higher due unreported cases. Regardless of the immediate causes of individual incidents, the growing competition between humans and elephants for living space is the main underlying reason for many such incidents. This blog looks at how insurance could help affected communities.

Growth and Equity: Achieving SDGs in South Asia in the Age of 4IR

The world is on the cusp of the Fourth Industrial Revolution (4IR), which is affecting the way people live, work, do business, and interact. Newly emerging technologies such as robotics, artificial intelligence (AI), internet of things (IOT), virtual reality, and 3D printing are fast becoming the new normal. Therefore, it is important to explore the development challenges for South Asia in the new era of the 4IR. In this context, one of the plenary sessions at the 12th South Asia Economic Summit (SAES XII) explored the links between 4IR and SDGs at the regional level.

Latest Edition of Talking Economics Digest Now Online! – Transitioning to a High Middle Income Economy

As Sri Lanka moves towards achieving high middle-income status, the country is faced with both challenges and opportunities. To leverage the maximum advantage presented by these favourable circumstances and overcome the obstacles, reforms are needed in almost all aspects of the economy. In this context, the 17th Edition of the Talking Economics Digest centers on the theme of ‘Transitioning to a High Middle Income Economy.’