The International Monetary Fund (IMF) just announced a staff-level agreement with the Sri Lanka authorities for a new 48-month Extended Fund Facility (EFF) with a requested access of about SDR 2.2 billion (equivalent to US$2.9 billion).
The Board of Investment (BOI), the apex organization driving investments into the country, introduced a new strategic initiative under the banner ’Partnership Finder’ to lure investment from existing investors in the country and facilitate business partnerships with foreign and Sri Lankan companies/investors.
Sri Lanka recently expressed interest in collaborating with the ICT sector of the Philippines, to pave the way for both nations to complement each other’s strengths and capabilities particularly in the areas of e-government, e-commerce, business process outsourcing, and software development.
Overall, Central and Southern Asia as a region is not on track to achieve gender equality by 2030, the latest assessment by UN Women revealed. Across the region, out of 18 indicators for the SDGs, only one has met the target.