Sri Lanka

A core feature of the initiative includes $40 million in World Bank Group guarantees in the first phase. This will help reduce risks for private investors and energy producers.

The pilot in Galle is seen as a potential blueprint for nationwide replication, with implications for addressing water inefficiencies throughout Sri Lanka. If successful, it could also serve as a model for other countries in the region facing similar challenges.

Speaking at a business forum attended by around 100 Chinese companies eager to explore investment and trade opportunities in Sri Lanka, Minister Wang called for accelerating negotiations on the FTA.

Nearly 5,000 elephants and 1,600 people have been killed in the last 15 years in clashes between elephants and humans in Sri Lanka, home to one of the largest remaining populations of Asian elephants, according to official figures.

Beyond trade, both nations expressed keen interest in enhancing vocational training collaboration, with a specific focus on developing industry-aligned skills for Sri Lankan youth.

Anto Marcus, Secretary General of the Free Trade Zones and General Services Employees Union, confirmed that the company failed to consult workers as mandated by their collective agreement.

Sri Lanka's largest export market, the United States, looms with potential trade policy shifts.

An overwhelming number of Sri Lankan households subsist on less than Rs. 1000 a day, or roughly Rs. 30,000 a month. These families are compelled to make impossible choices – often between food and education – leading many to defer or forgo early education for their children.