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Sri Lanka: New Education Initiatives Announced by Govt

Sri Lanka: New Education Initiatives Announced by Govt

Sri Lanka’s government has unveiled groundbreaking education reforms. These policies aim to improve schools and enhance student support services. President Ranil Wickremesinghe has prioritized significant funding for the education sector.

The 2023 education budget includes major investments in resources. These include free textbooks worth Rs. 20 billion and uniforms for over four million students. The government also provides comprehensive health coverage for students.

These policies show a strong commitment to improving education quality. They also ensure equal access for all students. The government aims to create South Asia’s most advanced educational system.

The ministry has introduced technology streams in National Colleges of Education. This move modernizes teacher education for the digital age. It equips instructors with skills for the global economy.

The reforms also focus on vocational education and skill development. A 13-year education strategy includes initiatives for vocational training programs. These programs will provide students with marketable skills for the job market.

Cambridge Climate Quest: Self-Paced Study Course for Grades 8-12

Cambridge University Press and Assessments has launched the Cambridge Climate Quest. This free self-paced learning program is for students in grades 8-12. It teaches essential knowledge about climate education and sustainability studies.

The course will be available in Sinhala, Tamil, and English. Scholars from Cambridge Zero have created high-quality materials that match the latest curriculum updates.

Comprehensive Program Offered in All Three National Languages

The Cambridge Climate Quest is accessible to students across Sri Lanka. By offering the course in three languages, it reaches a wide audience. This approach fosters a deeper understanding of sustainability among Sri Lankan youth.

Equipping Young Learners with Essential Knowledge of Climate and Sustainability

Students can progress through the course materials at their own speed. This flexibility allows them to fully grasp the concepts and engage with the content. Young learners can take ownership of their education in sustainability studies.

Cambridge Certification Upon Successful Completion

Students who complete the course will receive a Cambridge Certification. This recognition validates their knowledge of climate change and sustainability. The certification can open doors to future opportunities in sustainability studies.

Christine Ozden, Global Director of Cambridge University Press and Assessments, met with Sri Lankan leaders. She pledged support for this groundbreaking initiative. The collaboration highlights a shared vision of promoting climate education.

The Cambridge Climate Quest is a significant step in curriculum updates. It prioritizes sustainability and environmental awareness. Sri Lanka is setting a strong example for other nations in fighting climate change.

Government Announces Major Initiatives to Boost Education System

The Sri Lankan government has unveiled ambitious plans to improve education across the nation. Education Minister Susil Premajayantha announced the digitalization of the entire education system. This move aims to modernize learning and prepare students for the digital age.

The 2024 budget allocates Rs. 517 billion for education. This includes Rs. 237 billion for the Ministry of Education and Rs. 280 billion for provincial education. The funding allocation shows the government’s commitment to investing in education technology and resources.

A pilot program will launch across all grades in 2024. It will test new teaching methods, curriculum updates, and education technology integration. The government will use the results to refine reforms before nationwide implementation.

Digitalization of the Entire Education System

The government prioritizes digital literacy in education. This involves adopting advanced learning management systems and interactive digital content. Online platforms will improve communication between teachers and students.

Technology will create a more engaging and personalized learning experience. It will also provide teachers with tools to deliver high-quality instruction.

Special Programs for Children with Special Needs and Inclusive Education

The government has created special programs for children with special needs. These programs offer tailored support and resources to ensure quality education for all children.

An inclusive education system will promote diversity, equity, and acceptance in classrooms. Teacher training programs will help educators integrate technology and adapt to the new curriculum.

Sri Lanka’s commitment to education is commendable. With proper investments and support, the country can nurture well-educated, digitally savvy citizens. These future leaders will drive progress in the years to come.

Flinders University, Australia to Establish Offshore Campus in Sri Lanka

Flinders University, an Australian institution, plans to open a campus in Sri Lanka. This move will meet the growing demand for quality degrees in the region. Professor Colin Stirling recently met with President Ranil Wickremesinghe to discuss this project.

Flinders University has shown strong growth in research funding. Their annual income from research grants has increased by 140% in five years. In 2022, the university saw a 39% growth in research income.

The university focuses on cutting-edge fields. These include digital technologies, AI, defense technologies, and digital arts.

The new campus will offer various undergraduate and postgraduate degrees. Programs will cover Engineering, IT, Business, Finance, Marketing, and Medicine. This initiative will improve higher education in Sri Lanka.

Flinders University ranked first in Australia for postgraduate employment in 2021/22. Their industry partnerships provide students with valuable workplace experience. These collaborations help students gain skills needed in today’s job market.

The university is investing in strategic infrastructure. This includes the Health and Medical Research Building and the Factory of the Future. These investments aim to boost research capabilities and enhance the student experience.

FAQ

What is the Cambridge Climate Quest?

The Cambridge Climate Quest is a course for students in Grades 8-12. It teaches about climate and sustainability. Cambridge Zero scholars created the free course in Sri Lanka’s national languages.

How will the government digitize the education system?

The Sri Lankan government plans to digitize the entire education system. Minister Susil Premajayantha announced this initiative with local and foreign support. The goal is to create South Asia’s most advanced educational system.

When will the pilot program for new educational reforms launch?

The pilot program for new educational reforms will start in 2024. It aims to improve the country’s educational landscape. The program will bring changes to all grades.

How much funding has been allocated for education in the 2024 budget?

The 2024 budget allocates Rs. 517 billion for education. Rs. 237 billion goes to the Ministry of Education. Rs. 280 billion is for education at the provincial level.

What is the purpose of establishing an offshore campus of Flinders University in Sri Lanka?

Flinders University, Australia, will open a campus in Sri Lanka. It aims to meet regional demand for higher education. The campus will offer degrees and programs in various fields.

This new campus will enhance Sri Lanka’s educational offerings. It will give local students access to world-class education.

Sri Lanka Names Hans Wijayasuriya as Digital Economy Lead

Sri Lanka Names Hans Wijayasuriya as Digital Economy Lead

OMP Sri Lanka has announced a significant step in the country’s digital journey. Dr. Hans Wijayasuriya has been chosen as the Chief Advisor on Digital Economy by the president. This key appointment by President Anura Kumara Dissanayake highlights the country’s dedication to leading in technology. It also shows its efforts to transform its digital space.

Sri Lanka Appoints Axiata GED Hans Wijayasuriya as Chief Digital Economy Advisor

Dr. Wijayasuriya brings a wealth of experience from his time as Axiata Group’s General Executive Director. His global recognition, including the top GSMA Chairman’s Award in 2024, will greatly benefit his new position. With this role, Sri Lanka is starting a new chapter in its digital journey. The aim is to boost growth and improve public services with new technology.

Work on economic recovery is moving forward, and Dr. Wijayasuriya’s vision is expected to be key for empowering Sri Lankans digitally. By taking on this important advisory role, he will wrap up his successful time with Axiata by January 2025. This move marks a major shift from his corporate achievements to serving the nation in the technology field.

Sri Lanka Appoints Axiata GED Hans Wijayasuriya as Chief Digital Economy Advisor

Sri Lanka has made a key move by naming Hans Wijayasuriya the Chief Digital Economy Advisor. This important step is set to boost the country’s role in the digital world and enhance its global standing. It shows Sri Lanka’s eagerness to lead in tech among developing countries.

Appointment Marks a Transformational Shift for Sri Lanka’s Digital Landscape

Dr. Wijayasuriya starts his role on November 1, 2024. He brings vast knowledge, especially from the financial world. This matches well with Sri Lanka’s goals of promoting tech and innovation in telecom. On his first day, the local currency strengthened, showing more investor confidence, particularly in finance.

Empowering a National Vision: Toward a Digitally Advanced Sri Lanka

With Dr. Wijayasuriya’s leadership, Sri Lanka aims to launch major digital updates. These plans are to upgrade infrastructure and make tech widely available, improving living standards and job chances for everyone. His experience in emerging markets and digital fields will likely lead to significant progress.

Public-Private Synergy: Wijayasuriya’s Role in Digital Policy and Advisory

Advancing digitally needs teamwork between the government and private companies. Dr. Wijayasuriya will head the ICTA of Sri Lanka, focusing on starting strong and creating solid policies. His role aims to synchronize Sri Lanka with global digital developments, promoting growth and tech empowerment.

Sri Lanka has also gained major global support, for example, a $1 billion World Bank loan. This shows the world’s trust in Sri Lanka’s recovery and growth plans. It’s a step towards building a vibrant digital economy.

Having Hans Wijayasuriya as the Chief Digital Economy Advisor is crucial for Sri Lanka. His insight and strategy are key to bringing in a digital age of success. He’s expected to blend economic strength with tech innovation seamlessly.

Hans Wijayasuriya’s Legacy in Telecommunications and Digital Solutions

Dr. Hans Wijayasuriya has led for over 30 years in the Axiata Group. He has made a big impact on global mobile communication. This is shown by his GSMA Chairman’s Award in 2024. He now focuses on Sri Lanka’s digital economy growth. By being the Chief Advisor to the President on Digital Economy, his telecommunications expertise will help the country. Sri Lanka faces challenges like the need for skilled software experts which it currently lacks. Dr. Wijayasuriya is key in meeting the IT industry’s growing demands.

To improve the IT workforce, there is a focus on digital innovation. This aims to boost the economy and stop the brain drain by offering good jobs to the young and encouraging them to start businesses. Dr. Wijayasuriya’s work is seen in Dialog Axiata and Axiata Digital Labs. These efforts show his lasting effect on Sri Lanka’s telco and digital areas. He advises the nation to use innovation to enhance international trade. This will help with currency issues and reduce the banking sector’s reliance on the falling rupee.

Sri Lanka is changing its laws, with the 21st Amendment passed. This shows its commitment to fair laws and chances for everyone. The nation is trying to improve in areas like banking and IT. Groups like the Commonwealth Union Ltd. and Appé Lanka help poor communities in Sri Lanka. The President’s Media Division says Dr. Wijayasuriya’s role is very important. As Sri Lanka plans to dissolve its Parliament for elections, it looks forward to new laws and policy changes.

Sri Lanka’s Rupee Closes Stronger at 293.00/20 to the Dollar

Sri Lanka’s Rupee Closes Stronger at 293.00/20 to the Dollar

The Sri Lankan Rupee showed new strength on Wednesday. It closed at 293.00/20 against the US Dollar, up from 293.50/60. This change signals a positive shift in the currency exchange rate.

The forex market performance matches the nation’s ongoing economic recovery efforts. Bond yields stayed steady amid the Rupee appreciation. A bond due 15.12.2026 closed at 10.60/80 percent.

Another bond maturing on 15.12.2027 closed at 11.45/60 percent. This stability in bonds highlights the improving health of the Sri Lankan economy.

Sri Lanka's Rupee Closes Stronger at 293.00/20 to the Dollar

The Rupee’s rise matches a drop in the central bank’s bill stock. As the exchange rate grows, importers may benefit from better rates. This could boost trade and business in the nation.

The Rupee’s growth and steady bond yields paint a good picture. They show Sri Lanka’s economic prospects are improving. The currency’s strength proves that financial measures are working.

Recent Rupee Performance Against the US Dollar

The Sri Lankan rupee is getting stronger against the US dollar. On Thursday, it was 292.80/85 against the dollar, up from 293.00/20 the day before. This shows more trust in the local currency.

Rupee Strengthens to 292.80/85 on Thursday

On Thursday, the rupee opened at 293.05/15 to the dollar. This was the same as Wednesday’s closing rate. The stable exchange rate helps businesses and investors.

The rupee’s rise to 292.80/85 during the day boosted confidence in the local currency. This stability is good for economic growth and investor trust.

Rupee Remains Stable at 293.05/15

The rupee’s steady performance is important to note. Its unchanged opening rate shows consistency. This stability helps maintain investor confidence and supports economic growth.

The dollar’s selling rate fell below Rs. 300 for the first time since June 8, 2023. It reached Rs. 299.35, with a buying rate of Rs. 290.30.

The rupee’s strength against the dollar is good news. It improves Sri Lanka’s economic outlook and ability to attract foreign investment.

Bond Yield Trends in Sri Lanka

Sri Lanka’s bond market shows interesting trends lately. Bond yields remain steady despite the rupee’s rise against the US dollar. Analysts are watching bonds closely to assess the economy and investment chances.

Bond Yields Remain Steady Amid Rupee Appreciation

On October 30, 2024, the January 15, 2027 bond was quoted at 10.79/83 percent. The March 15, 2028 bond recorded yields of 11.70/75. These numbers show a stable bond market as the rupee strengthens.

The rupee’s rise is due to increased foreign investment and a better economic outlook. This stability is noteworthy given the currency’s recent performance.

Treasury Bond Auction Impacts on Yields

The upcoming Treasury Bond auction will likely affect bond yields soon. The central bank plans to issue 95 billion rupees worth of bonds. This auction will reveal demand for government securities and market liquidity.

The auction’s outcome may influence the yield curve. This curve shows the link between bond yields and their maturities. It’s a key indicator for investors.

Investors and analysts will watch bond yields, auctions, and the rupee’s performance closely. Understanding these trends helps market participants make smart decisions. It allows them to navigate Sri Lanka’s bond market with more confidence.

Sri Lanka’s Inflation Drops to 2% Amid Economic Reforms

Sri Lanka’s Inflation Drops to 2% Amid Economic Reforms

In a big economic shift, Sri Lanka’s Inflation Drops to 2%. This shows great progress towards financial health. Dr. P. Nandalal Weerasinghe, Central Bank of Sri Lanka’s Governor, confirmed this achievement. It’s due to economic reforms started by the nation’s leaders. These measures reached their goal in one year since late 2022. It’s a key time for the Sri Lanka economy.

Now, the Inflation rate is at a controlled 2% inflation. This will help in economic discussions and future policies. It’s aimed at keeping the economic improvement. The Central Bank is keeping a careful watch on policies. OMP Sri Lanka will keep offering true and relevant news.

Sri Lanka's Inflation Drops to 2% Amid Economic Reforms

The Underlying Factors of Sri Lanka’s Deflating Inflation Rate

Sri Lanka’s inflation rate tells a story of monetary policy and market changes. The rate was affected by both demand-pull and cost-push inflation. This was due to local actions and outside situations. The Central Bank played a key role in adjusting the money supply. This helped control both demand-pull and cost-push inflation.

After COVID-19, Sri Lanka, like other countries, faced supply chain issues. These issues pushed inflation higher. This situation made Sri Lanka think deeply about its monetary policy. The goal was to calm the economic storm by keeping an eye on and tweaking the money supply.

Inflation Trends

A report by OMP Sri Lanka talks about how the Central Bank kept a close watch on the money supply. They worked hard to keep inflation in check. This approach follows Milton Friedman’s idea that inflation is mainly about how much money is out there. It’s a plan backed by both theory and real results, even when times are tough.

Looking at supply chain troubles shows us how deep these problems went. They didn’t just affect shipping. They also made the costs of goods and services go up. This led to higher prices from cost-push inflation. A careful look and smart changes in policy helped Sri Lanka start to lower inflation.

Year Inflation Rate GDP Growth Monetary Policy Influence
2022 70% -2.3% Contractionary
2023 -0.8% (Deflation) 4.4% Stabilization Focus

The story shows how important smart monetary policy changes are. They help control ups and downs in the economy. This leads to stability in Sri Lanka’s market over the long term.

Examining the Impact of Economic Reforms on Sri Lanka’s Inflation

The link between government reforms and monetary policy is key to Sri Lanka’s economic stability and controlling inflation. Thanks to these efforts, the Central Bank of Sri Lanka Act has driven significant changes. This has led to more stable prices and economic growth.

Government and Monetary Policy Synergy

Strong government reforms and smart monetary policy have greatly reduced inflation in Sri Lanka, bringing it down to 2%. This shows a strong dedication to keeping a tight budget and creating strong fiscal revenue plans. These actions are important for reducing inflation and supporting a stable economy.

The Role of the International Monetary Fund (IMF)

The International Monetary Fund’s Extended Fund Facility (EFF) has played a big part in Sri Lanka’s recovery. It backs major government policies aimed at debt sustainability and better external reserves. These are key for a healthy economy.

Fiscal Reforms and Revenue Collection

Changing how revenue is collected and keeping strict financial control have helped stabilize Sri Lanka’s economy. Better revenue collection methods have helped the country manage its debt. This has led to economic growth and stable prices.

Efforts at both the national and international levels are creating a strategy to improve Sri Lanka’s economy. With ongoing reforms, the nation is building a stronger economic foundation. This sets the stage for a stable and bright future.

Insights from Historical Inflation and Economic Challenges in Sri Lanka

Sri Lanka’s economy tells a story of tough times and bouncing back. This journey shows how deep *economic mismanagement* and ups and downs have led to high inflation rates. Yet, the country has managed to lower its inflation to 2%. This is a big win. Sri Lanka faced many problems like big deficits and payment crises. These issues needed strong *economic planning* and action. Looking back helps avoid big inflation like in Zimbabwe and Germany, making sure spending is under control.

Hyperinflation Episodes and Their Lessons

In Sri Lanka, too much government influence has caused unstable economies before. Learning from these times is crucial for making wise financial rules and *economic planning* . Studying the *structural development challenges* shows how important export and import balance is. Good policies help avoid bad economic situations. Research from 1971 to 2017 shows what works to keep the economy stable.

Structural Reforms and Long-term Economic Planning

Getting over inflation involved major changes and future thinking. After the civil war, the country focused on big *infrastructure projects*. These helped save money, invest wisely, and manage debt better. Financial policies have improved by studying financial trends. This proves that *economic planning* must look ahead, not just react.

The Contribution of Foreign Direct Investment and External Reserves

*Foreign Direct Investment (FDI)* and *gross international reserves* play a big role. Shifting from agency loans to foreign investments made reserve health shaky. But help from India and better reserve management show progress. Even facing a default, the approach is broad. Global economic policies, like those in Joseph Eugene Stiglitz’s report, affect Sri Lanka too. Learn more about how this crisis led to important changes.

Commonwealth Union Supports Appé Lanka’s Educational Work

Commonwealth Union Supports Appé Lanka’s Educational Work

The Commonwealth Union Ltd. has teamed up with Appé Lanka Foundation. They aim to support community development in Northern Sri Lanka’s Poonakary region. This partnership shows how international aid can uplift struggling communities.

Shaan Corea, Appé Lanka’s founder, met with Nirj Deva, Commonwealth Union President. They talked about the partnership’s potential impact. The union’s support will boost the foundation’s efforts to tackle key issues.

Appé Lanka focuses on water scarcity, education access, and job opportunities. They mainly help women and women-headed households. As a grassroots non-profit, they’ve already made big changes in Poonakary.

The foundation takes a complete approach to community improvement. They work on water purification, renewable energy, and transportation solutions. They also provide educational support to create lasting positive change.

Appé Lanka’s Grassroots Initiatives Transform Poonakary Region

Appé Lanka is changing lives in Sri Lanka’s Poonakary region. The non-profit tackles water scarcity, education, food security, and reconciliation in rural areas. Their grassroots efforts are making a real difference.

Addressing Water Crisis with Reverse Osmosis Plants

Poonakary faced a severe lack of clean drinking water. Appé Lanka installed Reverse Osmosis plants to purify water. This move greatly improved local health, especially for children and the elderly.

Holistic Approach: Water, Education, Food Security, and Reconciliation

Appé Lanka takes a well-rounded approach to community development. They run literacy programs and skill training workshops for youth empowerment. The foundation also boosts food security through community gardens and farmer training.

Appé Lanka promotes reconciliation in post-war Sri Lanka. They bring diverse communities together, fostering unity and understanding. This work is key for lasting peace and growth.

Inspiring Example of Compassionate, Grassroots Development

Appé Lanka’s work in Poonakary shows how grassroots efforts can uplift communities. They work closely with locals to ensure sustainable, needs-based solutions. Their success proves the power of teamwork in tackling social issues.

The foundation continues to be a beacon of hope. They show that positive change is possible through hard work and commitment. Appé Lanka’s impact in Poonakary inspires communities across Sri Lanka.

Commonwealth Union Supports Appé Lanka’s Grassroots Educational Efforts

The partnership between Commonwealth Union and Appé shows true dedication to Corporate Social Responsibility. They support Appé Lanka’s educational initiatives in Poonakary. Their goal is to make a lasting impact on underprivileged communities.

Partnership Demonstrates Dedication to Corporate Social Responsibility

Commonwealth Union’s support for Appé Lanka shows their commitment to helping marginalized communities. This teamwork brings diverse groups together to tackle educational challenges in Poonakary.

The partnership supports several key initiatives. These include providing school supplies and distributing bicycles to students. They also install water purifying systems in schools.

  • Providing school supplies, such as exercise books, to reduce absenteeism and support educational outcomes
  • Distributing bicycles to school children to prevent dropouts and improve attendance rates
  • Installing water purifying systems in 30 schools, with plans to expand this initiative to address water shortages

Goal: Making a Lasting, Positive Difference in Underprivileged Communities

The partnership aims to create long-term impact in underprivileged communities. They focus on education to empower people with knowledge and skills. This helps break the cycle of poverty.

Appé Lanka and Commonwealth Union run workshops and exchange programs. They also develop livelihood initiatives. These efforts promote peace and understanding in the Poonakary region.

By investing in education, they’re building a brighter future. Their work paves the way for prosperity in these communities.

Sustainable Initiatives Empower Northern Sri Lankan Communities

Appé Lanka uplifts underprivileged communities in Northern Sri Lanka through sustainable initiatives. Their projects cover renewable energy, transportation, peace-building, education, and employment. These efforts foster resilience and unity in the region.

Providing Renewable Energy through Solar Systems

Appé Lanka installs solar systems in schools and community centers. This renewable energy solution offers reliable power and promotes environmental sustainability. It has improved educational facilities and enabled evening community gatherings.

Addressing Transportation Challenges with Bicycle Distribution

Appé Lanka distributes bicycles to rural school children. This has cut travel time and boosted school attendance. It also promotes physical activity among youth.

By giving students mobility, the organization supports their educational success. It also contributes to their overall well-being.

Promoting Peace and Reconciliation through Workshops and Exchange Programs

Appé Lanka actively promotes peace in this conflict-affected region. They run workshops and exchange programs that unite people from different communities. These initiatives foster dialogue, understanding, and unity.

Their efforts help break down barriers and heal wounds. They’re building a foundation for a harmonious future.

Supporting Education by Providing School Supplies

Education is a key focus for Appé Lanka. They’ve installed water purifying systems in 30 schools. The organization also provides essential school supplies like exercise books.

By ensuring clean water and basic materials, they create a good learning environment. This supports the academic growth of children in the region.

Creating Sustainable Employment for Women and Women-Headed Households

Appé Lanka focuses on economic empowerment, especially for women. They run livelihood programs offering skills training and market access. These programs create sustainable job opportunities.

This enables women to gain financial independence. It also helps them contribute to their families’ well-being.

FAQ

What is the Commonwealth Union’s role in supporting Appé Lanka’s educational efforts?

The Commonwealth Union partners with Appé Lanka Foundation to support grassroots education in Northern Sri Lanka. This collaboration showcases their commitment to Corporate Social Responsibility. It aims to create lasting change in underprivileged communities.

How did Appé Lanka’s journey begin?

Appé Lanka’s founder, Shaan Corea, visited Poonakary and saw the community’s daily struggles. Moved by their situation, he started the foundation to tackle pressing issues. The first focus was addressing the region’s water crisis.

What was Appé Lanka’s first initiative in the Poonakary region?

Appé Lanka tackled the water crisis by installing Reverse Osmosis plants. These plants provide clean, safe drinking water to locals.

What other areas does Appé Lanka focus on in its holistic approach to development?

Appé Lanka takes a well-rounded approach to development in Poonakary. They focus on education, food security, nutrition, and reconciliation efforts.

How does Appé Lanka’s work demonstrate the power of collaboration in transforming underprivileged communities?

Appé Lanka’s work shows how teamwork can change underprivileged communities. By joining forces with groups like the Commonwealth Union, they boost their impact. This allows them to help more people in need.

What are some of the sustainable initiatives undertaken by Appé Lanka to empower communities in Northern Sri Lanka?

Appé Lanka runs several sustainable projects in Northern Sri Lanka. They provide solar energy systems and give bicycles to school kids. The foundation also holds workshops to promote peace.

They supply exercise books to students and create jobs for women. These efforts focus on women-headed households too.

How has Appé Lanka addressed water shortages in schools?

Appé Lanka has solved water shortages in 30 schools. They installed water purifying systems to ensure students have clean drinking water.