Governance

Sri Lanka’s history of economic instability, marked by multiple currency collapses and inflation crises, has been exacerbated by excessive monetary stimulus and fiscal mismanagement.

The two nations also agreed to streamline procedures for trade and investment, removing bureaucratic hurdles and fostering a more conducive environment for businesses. This includes exploring the establishment of joint ventures and facilitating the exchange of technical expertise.

The minister informed that a 50 per cent rebate in the revenue share for coal used in gasification has been introduced in commercial coal block auctions, provided that at least 10 per cent of the total coal production is used for gasification purposes.

Families that had built lives in Pakistan over decades now find themselves in refugee camps or on the streets of Kabul and other major cities, with no access to humanitarian aid.

Many of these political prisoners, primarily arrested in the 1990s and early 2000s, remain behind bars without any hope of release, despite Bhutan’s claims that no such prisoners exist.

The minister said that the Farmers Distress Inde is designed to develop a forewarning system to take preventive measures to identify farmer distress, providing alerts three months in advance.

The minister said that as Sri Lanka moves forward, the challenge remains clear: finding sustainable, humane solutions that protect both livelihoods and biodiversity for future generations.

This decrease was primarily driven by a significant drop in food and beverage prices, with vegetable prices entering negative territory for the first time in 20 months.