In the recent weeks President Maithripala Sirisena has undertaken the task of consulting groups of intellectuals and captains of industry with a view to sharing their views and experience to improve Sri Lanka’s economy. His pre-occupation should be seen in the context of the current status of the economy as well as the general elections due to take place in the near future.

During a meeting held on Tuesday  (23rd June) Bernard Goonetilleke, Chairman of the Pathfinder Foundation (PF) handed to the President a comprehensive economic policy reform road map ‘Charting the Way Forward: Prosperity for All’, aimed at reviving the economic growth and development in Sri Lanka.

While handing over the road map, Goonetilleke stated that it covers twelve broad subjects crucial for development of the economy. These included subjects such as Increasing Agricultural Productivity, Reform of State Owned Enterprises, Exports and Foreign Direct Investment etc. He explained that the Foundation would present the road map to all the major political parties currently represented in the parliament, so that it can influence their election manifesto development process focusing on better social and economic development.

The road map developed by the PF strongly urges political parties that all handouts, subsidies and other welfare measures, included in their manifestos should be costed and specific measures should be identified for financing the incremental costs.