High-level Cross-Cutting Insights for Sri Lanka

High-level, cross-cutting insights from Sri Lanka • Policy intervention to facilitate private sector participation Offer a conducive environment for investors by simplifying procedural or regulatory norms • Set-up one consolidated entity for simplifying regulations and procedures both investors and businesses through a single window. Establish a standardised regulatory framework and resolve prevailing tariff issues in sectors like Renewable Energy (RE) to attract investors. Building a foundation for a self-sustainable future • To achieve self-sustainability by 2050, Sri Lanka needs to adopt a more accelerated and aggressive implementation process in sectors like RE and F&B. • Sectors like, consumer apparel, have set key precedents from an economic and inclusion perspective by supporting employment generation and harnessing the talent of the country's rural areas. Foreign currency financing UN DIP Prevailing currency devaluation has resulted in high energy prices in Sri Lanka, and impacted investments across sectors. However, these issues are likely to be resolved in future, normalizing the energy pricing in Sri Lanka at par with international standards. • To attain competitive tariffs, Rupee tariffs may not be sufficient alone, and procuring dollar funding should be given more emphasis. • Forging meaningful partnerships Ecosystem strengthening through intelligent fund deployments [philanthropic + commercial] will necessarily require different parties to come together with clear roles, responsibilities, and commitments.

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