Inclusion

Solving SME Development Challenges:
Looking Beyond Easy Loan Schemes

Like many countries in the region, SME development remains prominently on the policy agenda of successive Sri Lankan governments, development projects, and private sector support programmes over the years. Yet, a thriving, dynamic, and internationally-competitive SME sector remains elusive. Various schemes to address SMEs’ access to finance issues is a popular, and often dominant, part of most SME development initiatives. In this interview with finance and investment specialist Sharini Kulasinghe we explore some new perspectives on solving SME development challenges, going beyond the common wisdom.

Refreshing Growth in Sri Lanka’s Provinces:
Changing the Narrative

For too long provinces outside Sri Lanka’s Western Province have been characterized as ‘lagging regions’, due to their slower growth trajectory, smaller share of national output, and more pronounced weaknesses in development indicators. It's time to change the narrative and see them as 'Secondary Growth Hubs', to transform how all stakeholders engage in partnerships to boost prosperity there - not in terms of how they need to be helped to get out of being ‘lagging’ but rather how they need to be partnered in creating more inclusive economic growth.