SL's COVID Response & the Role of the Private Sector with Dr. Rannan-Eliya, Dr. Lakith Peiris and Shyam Sathasivam

Sri Lanka’s Covid19 response and what role does the private sector play?

The Advocata Institute hosted a Twitter Spaces on ‘Sri Lanka’s COVID-19 Response: What is the role of the private sector? with. Ravindra P. Rannan-Eliya, Executive Director & Fellow at Institute for Health Policy, Dr. Lakith Peiris, President of APHNH and Managing Director of Hemas Hospitals Sri Lanka & the Laboratory Chain, and Shyam Sathasivam, Executive Director of Sunshine Healthcare Lanka Ltd

Listen to the conversation as they discuss the topic with Advocata, Research Manager, Aneetha Warusavitarana.

This originally aired on Twitter Spaces on Thursday (June 17, 2021) at 8.00.P.M

Follow @advocatalk on Twitter for future chats on Twitter Spaces. https://twitter.com/advocatalk

You can listen to the full discussion on soundcloud

You can listen to the full discussion on Youtube

Murtaza Jafferjee on Face the Nation: Overcoming Sri Lanka's economic woes

Murtaza Jafferjee Chair of Advocata Institute was featured on the News1st Face the Nation: Overcoming Sri Lanka's economic woes that was aired on the 14th of April 2021.

'It is a pity that we have been playing politics with fuel prices. The first time I recollect a fuel pricing formula was put into operation was back in the early 2000s. In 2005 this program was suspended by the new government. It's by far the single largest component of our import bill. So it's vital that we price it correctly. This price increase was long overdue. Even now we are running at a loss.' - Murtaza Jafferjee

Click here to watch the full video:

Aneetha Warusavitarana on the much debated fuel price hike 'Talk of the Town'

Aneetha Warusavitarana (Research Manager at the Advocata Institute) was feautured on the newest episode of 'Talk of the Town' on Yes 101 on June 14 speaking on the much debated fuel price hike.


'We need to face the reality of the situation that Sri Lanka needs to purchase fuel. Then you need to think of how this must be done in a sustainable manner so you don't see intermittent increases that invariably end up hurting the consumer. And the solution to that I believe, is to introduce a price formula.

Aneetha Warusavitarana on Newsline in conversation with Sharlan Benedict 14/06/2021

Aneetha Warusavitarana (Research Manager at the Advocata Institute) speaks about the fuel pricing mechanisms & economy. SHe addresses this on Newsline with Sharlan Benedict. June 14, 2021.

'Ideally the solution that would work best here is a fuel pricing formula. A crucial factor is that this formula is transparent. The way in which it is calculated should be made available to the public, it should be vetted by the relevant authorities and we should be able to understand how this formula works and how it is linked to international changes in fuel prices.'

Click here to watch the full video:

COVID and Education w/ Dr. Sujata Gamage and Dr. Tara De Mel

Will the COVID-19 Education Crisis become a generational catastrophe?

The Advocata Institute hosted a Twitter Spaces on COVID-19 & Education with Senior Research Fellow at LIRNEasia, and Advocata Institute Advisor Dr. Sujata Gamage, and Former Secretary, Ministry of Education and Co-founder of Education Forum Sri Lanka, Dr. Tara De Mel.

Listen to the conversation as they discuss the topic with Sumhiya Sallay (Advocata Institute).

This originally aired on Twitter Spaces on Monday (May 31, 2021) at 6.30P.M
Follow @advocatalk on Twitter for future chats on Twitter Spaces. https://twitter.com/advocatalk

You can listen to the full discussion on soundcloud

You can listen to the full discussion on Youtube

"Consider all teachers as frontline workers and vaccinate them"- Dr Sujata Gamage.


Dr Sujata Gamage, an advisor to the Advocata Institute in her capacity as the Education Forum Sri Lanka co-coordinator, has called upon the government to take urgent steps to avoid the Covid education crisis becoming a generational catastrophe. The Covid-19 pandemic is not going to go away anytime soon. Therefore, even in the midst of a third  wave of infections, education authorities should be planning to open schools at the earliest  opportunity.

Do not let the Covid education crisis become a generational catastrophe

The whole world is in the middle of a pandemic. Beginning around March 2020 schools across the  world had to close at once, for the first time since World War II. The health crisis created by the  pandemic is obviously the number one priority of governments. The economic crisis the pandemic has  caused too is taken as a serious concern by governments. Unfortunately, the gravity of the Covid  education crisis is yet to be fully appreciated. We will recover eventually from the pandemic; We will recover from the economic crisis too; But the long-term effects of the loss of education for children  will last a generation or more. As António Guterres, Secretary General of the UN said:  

“Covid has led to the largest disruption in education ever. It is a generational catastrophe that would  waste untold human potential, undermine decades of progress in getting children to school and  exacerbate existing inequalities.” 

Schools have been closed for more than 16 months and the difficulties of being trapped indoors for  children and their families are all too well familiar. Less familiar is the fact that not all homes are safe  places for children. Disputes or even violence in the family affect the children. In some cases, children  are abused and there is no teacher or other caring adult to whom to confide. Some children who used  to get a midday lunch at school may be affected nutritionally. Yet, these are somewhat short-term  issues because they would subside once schools start. But the long-term consequences are more  serious. 

In the long-term, students who were already at the risk of dropping out even before the pandemic are  very likely to not return when schools start. Secondly, whether the schools are open or not, the  growth of these children, including their brain growth, will continue. If their education does not  parallel this natural growth, there will be severe deficiencies in the intellectual development of these  children. This deficiency is now known by education experts around the world as Covid Learning Loss.  Schools need to do diagnostic tests to understand the extent of this loss and take remedial measures. 

This Covid-19 pandemic is not going to go away anytime soon. Therefore, even in the midst of a third  wave of infections, education authorities should be planning to open schools at the earliest  opportunity. Not all schools can or should be opened on the same day. Regional or even school-wise  differences in each region need to be considered.  

The first step in such a plan is to consider all teachers as frontline workers and vaccinate them, perhaps  prioritizing teachers in high-risk areas. Once schools start children should be tested regularly for Covid  using low-cost methods. As mentioned before, diagnostics tests should be carried to assess the  learning loss of each child and remedial action taken, as necessary.  

If we do not take those steps with an urgency, the educational crisis of this epidemic will turn into an  education catastrophe that will affect generations to come. 

Sujata Gamage and Tara de Mel 

Co-coordinators

Media coverage on Advocata Colombo Port City Debate! Live Fireside Commentary

Sri Lanka Port City still at risk of incompetent regulators: Samarajiva

Economy Next: Sri Lanka’s China-backed Colombo Port City, which has attempted to cut through a regulatory morass that is holding back the rest of the country via a fast-track ‘single window’ law is still at risk of delays from incompetent regulators, a top policy specialist has warned.

Rohan Samarajiva, the founder of LIRNEasia, a regional policy research body and former regulator of Sri Lanka’s telecom sector who carried out an extensive de-regulation, says the state ends up regulatory activities of citizens in multiple ways.

“We talk about regulators as some special breed but quite a lot of what the government does is regulations,” Samarajiva said at a seminar organized by Advocata Institute, a Colombo based think tank.

“The difference is that there are entities that do formal explicit regulations, rule-bound; and there are those that can say yes or no therefore regulate but don’t necessarily do in that in a formalized manner.”

Limiting Discretion

Regulations become unclear to investors and the general public and also lead to corruption where there is room or discretion for officials to vary decisions. Delaying decisions also make it difficult to get anything done at all.

“I believe it important to make regulations more efficient and the whole essence of regulations is something called discretion – that is the ability to say yes or no,” Samarajiva said.

“To bound that and to limit that. Of course, you have to say yes or no but to bind it.”

The Port City bill was passed to cut regulatory barriers through a ‘single window’ for investment approvals as the government was called upon to start a state regulator for beauty pageants by people who believe the coercive state with a broken public sector is better at it.

“Why is this concept important? To do any one thing you can ask how many steps you must go through and places you have to go through and any of those places can slow you down due to incompetence,” explained Samarajiva.

“When you talk about the basic concept of greater Colombo Economic Commission law from 1978, the BOI and all the work that was done in the last few years on improvising Sri Lanka’s position in the ease of doing business index; all these hinge on a central concept that is the ‘single window’.

“The whole point of all these activities – I’m not saying it is unique to the Port City bill – but the whole point of all these is the single window concept of simplifying things for the investor.”

Read the full article

Colombo Port City Debate! Live Fireside Commentary

The Advocata Institute hosted a live fireside commentary on the Port City Commission Bill Parliamentary debate took place on 19th and 20th of May. The commentary was streamed online from 2.30.P.M onwards.
The session featured a pool of experts who shared their opinions and arguments on the timely and relevant issue. The speakers included an expert panel of speakers; Vinod Hirdaramani, Suren Fernando, Manjuka Fernandopulle, Rohan Samarajiva, Dayan Jayathillake, Lihini Fernando, Milinda Rajapaksha, Lakshman Siriwardana, Murtaza Jafferjee, Charindra Chandrasena, Indika Sakalasooriya, Ganeshan Wignaraja, Thulci Aluwihare, Mevan Pieris, Dr. Paikiasothy Saravanamuttu, Amar Raj Singhe and Iroma Perera.
The session explored the impact of the bill on areas such as Sri Lanka’s economy, Foreign Direct Investment, Sri Lanka’s external relations, and the impact on organisations and businesses.

You can watch the full discussion here

Watch this video on Youtube 

Five areas for consideration in Colombo Port City Economic Commission Bill debate

Originally appeared in the Daily FT, Ada Derana Biz, Sunday Observer

Advocata Institute submitted a letter to all members of Parliament on Monday 3 May, on the proposed Colombo Port City Economic Commission Bill. The letter was addressed to all MPs, highlighting the potential opportunity the Port City project presents and observations on how to maximise the economic opportunities. 

The full letter can be read on www.advocata.org. The recommendations and observations are summarised below. 

1. The case for Special Economic Zones in Sri Lanka

  • Special Economic Zones (SEZs) have been a tool employed around the world by bringing in positive value addition to an economy. More broadly, SEZs are places that have all the facilities that firms need to thrive. SEZs can play an important role in creating the right conditions for industrial success. This might include suitable land plots, hard infrastructure, and site-specific policies or clearances. Moreover, firms in SEZs can benefit from each other’s proximity – they can be each other’s suppliers and customers – thereby making a strong case for Sri Lanka to utilise SEZs to achieve economic growth.

  • If implemented with the right policies and a globally accepted regulatory framework, the Colombo Port City has the potential to emulate some of the successful financial centres in the region and become a driver of growth that Sri Lanka needs.

  • However, the success of an SEZ can only be determined by evaluating the linkages generated within the local economy. In order to become successful, Port City should facilitate positive spillovers in technology and know-how that enable the local economy to enhance productivity.

  • In order to become truly effective, given the thicket of red tape in Sri Lanka, SEZs require a certain degree of discretionary powers. The provision of such powers allows SEZs to operate independently and achieve productive targets without having to deal with tedious and time-consuming processes that hobble businesses in the rest of the country. This is why SEZs can effectively accelerate economic growth while also being an incentive for Foreign Direct Investments.

2. The issues with tax concessions 

  • Taxes are the most important source of revenue for the Government. However, in 2020, tax revenue fell to 8.1% of GDP, exacerbating an already precarious fiscal situation. With a history of fiscal deficits, the compounding effects of debt financing has snowballed into serious concerns regarding debt sustainability.

  • The tax concessions as provided for in the Bill can create distortions within the economy while seriously impairing fiscal sustainability. Businesses located within the Port City will benefit from the agglomeration effects of being in the Port City and having access to world-class infrastructure. Therefore an investment in the Port City should yield a much higher return, thus not requiring further fiscal incentives. Research also suggests that the effectiveness of tax incentives in attracting foreign investment is low. Having only a marginal impact in attracting FDI compared to other factors.

  • While recognising the need to be competitive vis-à-vis other zones, the provisions to provide tax relief over and above the tax concessions already provided for under the Inland Revenue Act No. 24 of 2017 will further compromise the progressivity of the tax system and affect competitive neutrality.

  • There are, however, instances when fiscal incentives (tax credits, grants, etc.) may be warranted, for example, where private returns are below the cost of capital but social returns (positive externalities) can be generated. However, the existing Inland Revenue Act provides for such incentives – we recommend that the power to grant fiscal incentives be retained within the Ministry of Finance.

3. Considerations on financial regulation 

  • Developing a fully-fledged OFC (Offshore Financial Centre) requires the relaxation of capital controls to permit free movement of capital, improving the ability to compete globally. However, given Sri Lanka’s current status of debt sustainability, sovereign rating downgrade, and foreign exchange crisis, it may not be the most appropriate time to set up an OFC. Stringent foreign exchange controls in place as of now may not allow the relaxation of capital controls.

  • The success of a financial centre depends on the confidence and trust that it evokes in investors and customers. The key to building this trust and confidence is dependent on two factors. First, the governance structure in place, i.e., the laws, rules and regulations governing financial products and services. Second, the way in which the regulatory authority/ies apply and enforce the regulations. Further, these regulations must conform to international best practices set out by institutions such as the Basel Committee on Banking Supervision (BCBS) and Financial Action Taskforce (FATF) recommendations on anti-money laundering and combatting the financing of terrorism and proliferation (AML/CFT), to ensure global acceptance. Any attempts to circumvent these standards could have adverse impacts on financial institutions operating in the rest of the country as well.

  • There is, however, a case for moving from a rules-based financial regulation, as is currently in place, to a more principle-based financial regulation. Such a move encourages financial innovation and facilitates the expansion of financial services in a dynamic global environment. There is also a case for unified regulation of financial services (a single omnibus legislation which has been adopted by other financial centres). The Bill only refers to regulation of banks and capital market institutions. It is silent on whether insurance companies would be allowed to operate within this jurisdiction and who would regulate that sector. It is of vital importance that this issue be addressed if the Port City is to be operated as an OFC.

  • According to the draft Bill, licensing (Section 42(4)) and regulating (Section 45) for offshore banking businesses is done by the Commission with the concurrence of the Monetary Board under the Banking Act No.30 of 1988. However, as per the Bill, the examination of such entities would be undertaken by a “competent authority” appointed by the Port City Commission (Section 49), and the Monetary Board may only call for information and reports from these entities through the Commission (Section 51). But the Bill is silent on the expertise and experience of those who would be appointed by the Commission to undertake the examination of these entities. Our recommendation is that until a separate financial regulatory framework for the OFC is set up in the Port City, and until persons with the necessary capabilities are recruited, the existing regulators must undertake both the regulation and supervision of financial institutions set up within the Port City.

Advocata also call upon members of Parliament to make an addition to clause 5, as subsection (k) reading “Uphold laws and regulations on anti-money laundering and terrorism financing” in light of the above mentioned AML/CFT issues.

4. The need for flexible labour regulations 

  • The Colombo Port City expects to operate as a service-oriented SEZ that propels Sri Lanka to be a major trading and services hub within the Indian Ocean. It hopes to attract top-notch IT, financial service firms and types of businesses and economic activity that will be highly innovative. In order for such firms to thrive and grow, a labour environment that accommodates failure, mistakes and high rates of experimentation is crucial.

  • This requires a flexible labour market with low redundancy and restructuring costs that promotes swift adaptability to market changes. Prioritising labour solutions over capital will result in job creation that will ultimately benefit the country. However, the labour regulations in operation in Sri Lanka does not facilitate the same.

  • Unemployment is a social problem, the burden of which must not be borne by the employers alone. Hence, we recommend the establishment of an Unemployment Insurance Scheme similar to EPF and ETF funds to compliment flexible labour regulations.

5. Recommendations on Parliamentary oversight and accountability

  • At present, the Bill states that the Commission should submit to the President or Minister in Charge an annual report setting out the status of operations, income and expenditure of the Commission. Alongside this, it also provides for the audit of accounts of the Commission. However, as the main parliamentary oversight mechanisms in place to examine the activities of the government bodies responsible for public accounts and public enterprises are the COPA and the COPE, we recommend that the Port City Commission be made accountable to these committees.

  • In relation to the composition of the Commission, it is our recommendation that the Secretary to the Treasury be appointed as an ex-officio to the Commission since this would allow for fiscal accountability.

  • Parliament should also consider the provision of including a mechanism for staggered appointments to the committee would ensure institutional stability, preserve institutional memory and political representation. In line with the international governance standards, Parliament should also consider having a minimum quota for women’s representation in the Commission.

The Advocata Institute recommends the consideration of the reforms outlined above to achieve maximum economic outcomes. 

Murtaza Jafferjee on Face the Nation: Port City Economic Commission Bill, the good, the bad and the ugly

Murtaza Jafferjee Chairman of Advocata Institute was featured on the News1st Face the Nation: Port City Economic Commission Bill, the good, the bad and the ugly programme that was aired on the 19th of April 2021. Murtaza comments on the Good and the Bad of port city and why do we need the Port City workaround

Click here to watch the full video:

Dhananath Fernando on Newsline with Faraz Shauketaly. April 19, 2021

Dhananath Fernando, Chief Operating Officer of the Advocata Institute speaks how Special Economic Zones are needed because doing business in SriLanka is difficult and how the Port City is not going to solve all our problems. He addresses this on Newsline with Faraz Shauketaly. April 19, 2021.

Click here to watch the full video:

Media coverage on the launch of Advocata's Bath Curry Indicator

Daily Mirror: Sri Lanka gets localised food price tracker - ‘Bath Curry Indicator’

Sri Lanka yesterday saw the launch of its own localised food tracker ‘Bath Curry Indicator’ (BCI), a spin on the popular ‘Big Mac Index’ conceptualised by The Economist in 1986. 

The BCI, designed by Colombo-based free market think-tank Advocata Institute, is aimed at tracking the retail prices of the goods that could be included in a packet of rice and curry. 

The indicator, that is specific to Colombo at present, tracks on a weekly basis the prices of common food items that go into rice packets and provides an insight on the rate of change of the prices over time. 

The Central Bank’s weekly economic indicators publication is used to feed the indicator. The retail prices used are from the Pettah Market, except where data is unavailable, in which case data from the Narahenpita Economic Centre are taken into account.

The items on the BCI are selected from the Household Income and Expenditure Survey (HIES) 2016.  

Pointing out that the food prices are a fairly volatile indicator, Advocata stated the prices are not only dependent on the seasonal and weather patterns but are also affected by policies.

While the BCI is not a measure of inflation, it indicates the manner in which the cost of a specific basket of goods has moved over a short period, thus providing an insight on the impacts of certain policies, as they come into effect.

Furthermore, Advocata noted that although the Colombo Consumer Price Index (CCPI) is a comprehensive method of calculating inflation and is a useful indicator to help assess the country’s macroeconomic conditions, there are some shortcomings in the process. 

The index does not necessarily measure consumer reactions and preferences that change relative to price changes, the think tank noted. 

Read the full article


News 1st: Prime Time Sinhala News 10 PM | (07-04-2021) රාත්‍රී 10.00 ප්‍රධාන ප්‍රවෘත්ති

News 1st: Prime Time English News - 9 PM | (07-04-2021)






NEWS RELEASE: Advocata Institute launches a novel policy tool to track everyday food price changes

NEWS RELEASE

Originally appeared in the Ada Derana Biz, Daily FT, The Morning, The Businessnews.lk, Daily Mirror, Ada Derana, Lanka Business Online, Economy Next

Advocata’s latest policy product tracks the average retail prices of a basket of goods and provides an indication of how much prices have changed over time.  With the use of such tools, anyone including policymakers and politicians alike has access to track price fluctuations. This could enable anyone to see if policies have a direct or indirect effect on food. Which is an essential item and can have a direct impact on the food consumed by households. The indicator launch was held at the Tulip Hall of the BMICH on the 7th of April 2021 and was live-streamed on Advocata’s Facebook and YouTube. 

The newly launched Bath Curry Indicator tries to provide such a policy direction while highlighting the importance of the affordability of food. Around 35% of household expenditure is on food and drink. Therefore the Indicator is a tool to see how policies coming into effect directly or indirectly impact food prices.  Naqiya Shiraz, a research executive at the Advocata Institute spoke about the rationale behind the Bath Curry Indicator by commenting that the BCI “represents any average Sri Lanka household. The items are Samba rice, beans, pumpkin, tomatoes, brinjals, coconut, green chillies and fish. Therefore it is important to understand the decisions that impact the prices of goods.

According to Economist Deshal De Mel, “The idea behind the BCI is that in Sri Lanka the cost of living is a concern. The inflation in Sri Lanka has been of single-digit levels for the last two years but it is still a concern for the public.  So Advocata’s Bath Curry Indicator is similar to the ‘Big Mac Index’ by The Economist. It is simplistic and real.”  Rehana Thowfeek Zain (Economic Researcher and Blogger) was of a similar opinion when she commented that such indicators can be used to highlight the impact of policies that affect people’s food consumption.  According to her, the BCI will “capture a relatable way to cover the cost of living and also investigate the merit behind politicians when they use the cost of living as a hook in their election manifesto”   She further commented that  “53% of Sri Lanka population can’t afford a healthy diet, That’s a huge number. We are food secure but are we nutrition secure? Kids don’t develop as they should. Trade policies should focus on the overall objective and cater to the health of Sri Lanka’s population.” Thereby highlighting the socioeconomic impact of rising food prices on the general public. 

The panelists for the discussion were Deshal De Mel (Economist), Rehana Thowfeek Zain (Economic Researcher and Blogger) and Naqiya Shiraz (Researcher). The discussion was moderated by Aneetha Warusavitarana (Research Manager, Advocata Institute). 

The BCI Indicator can be accessed at www.bci.advocata.org.


Advocata is an independent policy think tank based in Colombo, Sri Lanka. We conduct research, provide commentary and hold events to promote sound policy ideas compatible with a free society in Sri Lanka. Visit advocata.org for more information.    

Advocata spokespersons are available for live and pre-recorded broadcast interviews via 077 621 6788

CONTACT:

Yasodhara Kariyawasam

Communications Manager, Advocata Institute

Email: yasodhara@advocata.org


Online Discussion: Economists Take On The Cost Of Lunch

The Advocata Institute hosted an online discussion on the topic "Economists Take On The Cost Of Lunch" in line with the launch of the 'Bath Curry Indicator' by Advocata on April 07th at 12 noon at Tulip Hall, BMICH.. The panel for the discussion included Deshal de Mel (Research Director, Verité Research), Rehana Thowfeek Zain (Economic Researcher and Blogger)) and Naqiya Shiraz (Research Executive, Advocata Institute). The session was moderated by Aneetha Warusavitarana (Research Manager, Advocata Institute)

You can also watch the full discussion here

Watch this video on Youtube 

NEWS RELEASE: Launch of the “Bath Curry (බත්ක​රි ) Indicator” by the Advocata Institute

Originally appeared in the Daily FT, Lanka Business online, Lanka Talks and The Morning

Live on Advocata YouTube and Facebook pages on the 7th of April, 12pm onwards. 

Food inflation has risen over the last year, although the overall inflation is low. According to the National Consumer Price Index, overall prices rose by 3.7% between January 2020 and January 2021 but food inflation rose by 5.9%.

While this is a matter of concern to the public, items like turmeric and green gram which made the news after rising to dizzying heights tend to steal the spotlight. While Sri Lankans appreciate a good plate of rice and curry, the cost of this essential meal is something that must be discussed.

“Bath Curry'' (බත්ක​රි ) is something that all Sri Lankans can immediately identify with. The “Bath Curry Indicator” (BCI) by the Advocata Institute is a Sri Lankan spin on the infamous “Big Mac Index” by The Economist. It simply tracks prices of a limited basket of goods that are consumed in Sri Lanka, and provides an indication of how much prices have changed over time.

The event for the launch of the BCI will feature a panel discussion that explains the BCI, what it measures and its potential for use in policy analysis.

The expected panelists will be Deshal De Mel (Economist), Rehana Thowfeek Zain (Economic Researcher and Blogger) and Naqiya Shiraz (Researcher). The discussion will be moderated by Aneetha Warusavitarana (Research Manager, Advocata Institute).

In-person seating is limited with strict Covid-19 guidelines. The event will also be live streamed on Advocata’s social media pages.

To register for the event please visit www.advocata.org/events 

Dr. Roshan Perera and Professor Sirimevan Colombage joins the Advocata Institute as Senior Visiting Fellows

Originally appeared in Daily FT

Dr. Roshan Perera and Professor Sirimevan Colombage joins the Advocata Institute as Senior Visiting Fellows.

Advocata Institute is pleased to announce that Dr. Roshan Perera and Emeritus Professor Sirimevan Colombage have taken up roles as Senior Visiting Fellows at the Advocata Institute.  In their new roles at the Colombo based independent public policy think tank, they will be playing a leading role in providing insight, analysis and guidance on key economic issues that affect Sri Lanka.  

Dr Roshan Perera is an eminent public policy specialist with 20+ years of experience in formulating and implementing monetary and fiscal policy. She also has expertise in regulating and supervising financial institutions and in helping strengthen approaches to managing risks. She was a Director at the Central Bank of Sri Lanka and presently works as an independent consultant to multilateral agencies both in Sri Lanka and abroad. She has also served on many boards including the Institute of Policy Studies and the Sri Lanka Institute of Directors.  Presently she also sits on the board of Senkadagala Finance PLC. She joins the Advocata Institute with her world-class academic credentials where she recently completed a Masters in Public Administration as an Edward S Mason Fellow at the John F. Kennedy School of Government at Harvard  University USA, 2020.  She also has a PhD in Economics from the University of Melbourne Australia, a Master in Environmental Geography from the University of Illinois in Chicago Chicago, IL, USA  and a Master in Economics and a  Bachelor of Arts in Economics from the University of Colombo

Prof. Sirimevan Colombage, an eminent economist, served on the academic staff of the Department of Economics, University of Ceylon, Peradeniya, before joining the Central Bank of Sri Lanka. He had a career of 30 years in Economic Research and Statistics Departments of the Central Bank in different capacities. He was the Director of Statistics of the Central Bank when he opted to return to academia as the first Chair and Senior Professor of Social Studies at the Open University of Sri Lanka. He has a B.A. First Class Hons. (Economics) from the University of Ceylon, Peradeniya, and M.A. (Economics) and Ph.D. (Economics) from the University of Manchester, UK. Prof. Colombage has wide expertise in central banking and monetary policy, fiscal operations, international trade and finance, econometric modelling and macroeconomic frameworks. His research includes collaborative studies with the University of California, University of Manchester, University of Lund, Friedrich Ebert Stiftung, Asian Pacific Development Center, Asian Productivity Organization and South Asian Network of Economic Research Institutes. He is currently a member of the Working Committee on Social Sciences, National Science Foundation and a Co-Editor of the Sri Lanka Journal of Social Sciences. He is also a member of the Board of Management of the Social Policy Analysis and Research Center, University of Colombo. He is an external reviewer of the Central Bank Staff Studies Journal. Prof. Colombage has published widely in refereed journals and authored several books and monographs.

 Professor Sirimevan Colombage made the following comments about joining the Advocata Institute “ I consider it a great honour and privilege to join the team of the esteem Advocata Institute. I hope that we can work together to explore and address the critical socio-economic issues for the betterment of the people in Sri Lanka as the world at large.  Dr. Roshan Perera had the following comments, “I have been very impressed by the cutting-edge policy analysis coming out from the Advocata Institute.  I consider it a privilege to be invited to join this team and to contribute to the public policy debate in Sri Lanka.”

Dhananath Fernando COO of the Advocata Institute made the following remarks “We are honoured to have distinguished academics and economists along with the likes of Dr Roshan Perera and Professor Sirimevan Colombage as senior visiting fellows at the Advocata Institute.  I look forward to working closely with them to improve and scale-up Advocata’s research products and outputs and become the leading voice in Sri Lanka’s public policy discourse”.

For more on Advocata’s scholars, members and associates see www.advocata.org/about

Online Discussion: ලංකාවේ කම්කරු නීතිය කාන්තාවන්ගේ ආර්ථිකයට හිතකාමීද?

On the 5th of March the Advocata Institute hosted a panel discussion on the topic ලංකාවේ කම්කරු නීතිය කාන්තාවන්ගේ ආර්ථිකයට හිතකාමීද? | Gender Discriminatory Labour Laws in Sri Lanka. The discussion was organised to bring awareness to legal and policy barriers that prevent women from entering and sustaining in the workforce. The panelists for the discussion were Hon. Ali Sabry (Minister of Justice), Madhavie Gunawardena (Former Commissioner of Labour (Women and Children Affairs), Department of Labour| Director Telecommunication Regulatory Commission), Malsirini de Silva (Deputy Head of Legal Research at Verité Research) and Kanishka Paternott (Human Resources Business Partner, Fonterra).

You can also watch the full discussion here

Watch this video on Youtube 

New Policy Interventions by Central Bank Could Negatively Impact Exporters

Aneetha Warusivitarana, Research Manager at Advocata Institute was featured on News 1st : Prime Time English News on 20-02-2021. She comments on how the new policy interventions by the Central Bank of Sri Lanka Central Bank of Sri Lanka could negatively impact exporters.

Click here to watch the full video:

Online Discussion: වරාය සංවර්ධනයේ ඉදිරි දැක්ම: විකිණීමක්ද ආයෝජනයක්ද?

The Advocata Institute hosted a discussion on the future of ports development in Sri Lanka featuring Dr. Nalaka Godahewa (State Minister of Urban Development Coast Conservation Waste Disposal and Community Cleanliness), Rohan Masakorala (Chief Executive Office Shippers' Academy, Colombo), Asanga Abeyagoonasekera (Strategic Advisor on Geopolitics and International Security), moderated by Dhananath Fernando (Chief Operating Officer, Advocata Institute) and Sathya Karunarathne (Research Executive, Advocata Institute). The event was held on Friday, February 12th, 2021.

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NEWS RELEASE: වරාය සංවර්ධනයේ ඉදිරි දැක්ම:විකිණීමක් ද, ආයෝජනයක් ද?

Originally appeared in the Daily FT and Economy Next

LIVE discussion with limited participation on 12th February 2021 from 6.00 pm onwards 

Advocata Institute is hosting an event on the topic වරාය සංවර්ධනයේ ඉදිරි දැක්ම:විකිණීමක් ද, ආයෝජනයක් ද? and the surrounding policy issues on the 9th of February  at the BMICH. 

The event will feature key presentations and discussions by a panel of experts on various issues surrounding the development of ports in Sri Lanka.   

The expected panelists will be Dr. Nalaka  Godahewa  ( State Minister of Urban Development, Coast Conservation, Waste Disposal and Community Cleanliness), Mr.  Rohan Masakorala (Chief Executive Officer, Shippers Academy, Colombo) and Mr.  Asanga Abeyagoonasekera (Founding Director General Institute for National Security Studies). The discussion will be moderated by Dhananath Fernando (COO - Advocata Institute) and Sathya Karunarathne (Researcher - Advocata Institute). 

The event is free and open to the public.  In-person seating is limited with strict Covid-19 guidelines. The event will also be live streamed on Advocata’s social media pages.  

To register for the event please visit www.advocata.org/events