Innovation has played a significant role in economic development in many advanced economies. A critical component of achieving this has…
Automation has been playing an increasingly important role in improving efficiency and reducing costs in many industries and sectors. It…
Millennials are impatient, have little brand loyalty, and love technology. So, how must banks change to cater to this growing and important customer segment?
Striving for greater gender equality has been a core development objective across countries, as a matter of smarter economics, productively…
Sri Lanka urgently needs a central data exchange to facilitate information flows among international trade participants. An ‘E-Hub’ can be the way forward, argues the NAC on Logistics an Transport.
Successful Public Private Partnerships in Sri Lanka are few and far apart, but one successful project has demonstrated the power of PPPs to create new infrastructure, jobs, and drive growth.
Sri Lanka may be sliding into a trap of over-reliance on public financing for infrastructure development. The only way out is to shift from loans to PPPs, argues the NAC on Infrastructure.
Sri Lanka has much to learn from international success stories, when implementing PPPs. One such example is the Renewable Energy Independent Power Producer Procurement Plan (REIPPPP) in South Africa. In just a few years, the country secured over 6,000 MW of power and connected 37 IPPs to the grid.
Under Thilan Wijesinghe’s stewardship, Sri Lanka secured multiple PPP deals in infrastructure. We spoke to him to understand the factors that contributed to that success.
A widely popular mechanism for funding infrastructure needs in developing counties, PPPs have helped reduce government debt, achieve cost reductions, drive innovation and enabled the development of the private sector.