Prøve GULL - Gratis
Questions posed on the economic viability of development
The Island
|May 08, 2025
As the Asian Development Bank (ADB) revises its influential Safeguard Policy Statement (SPS), activists and economists alike are raising a critical question: Can development be economically viable if it ignores human rights and environmental stability? One such person is environmentalist Hemantha Withanage.
Speaking exclusively from Milan to The Island Financial Review, Withanage said that the ADB's new safeguards, currently under final review, aim to modernize protections for communities and ecosystems affected by its USD 20+ billion annual lending portfolio. But civil society groups argue that without stronger guardrails, the economic fallout from poorly designed projects could far outweigh their intended benefits.
"We cannot separate economics from ecology, he says.
Denne historien er fra May 08, 2025-utgaven av The Island.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Island
The Island
AI is only as good as the people wielding it
Beyond the now familiar generative AI chatbots, the future of AI more broadly remains unknown.
1 min
October 10, 2025
The Island
Starmer meets Modi on his first visit to India
(BBC) British Prime Minister Sir Keir Starmer has met Indian Prime Minister Narendra Modi on his first visit to the country.
2 mins
October 10, 2025
The Island
29 mobile phones recovered from three wards of Boossa High Security prison
Twenty-nine mobile phones were taken into custody yesterday from wards A, C, and D of the Boossa High-Security Prison, which houses some of the country’s most dangerous criminals.
1 min
October 10, 2025
The Island
Minister Herath: SL refrained from calling for vote at UNHRC to save funds
Sri Lanka refrained from calling for a vote at the United Nations Human Rights Council (UNHRC) as it did not want to waste public funds on a vote it was bound to lose, Foreign Affairs Minister Vijitha Herath told Parliament yesterday.
1 min
October 10, 2025
The Island
The “intelligence” of generative AI is seriously limited
There is little evidence that a superintelligent AI capable of wreaking global devastation is coming any time soon.
1 min
October 10, 2025
The Island
13 bank accounts of Backhoe Saman's wife and her close associates frozen
The CID informed the Colombo Magistrate's Court yesterday (9) that 13 bank accounts belonging to Shadhika Lakshani, the wife of Backhoe Saman, who is currently in remand custody, and her close associates had been frozen.
1 min
October 10, 2025
The Island
Two, including retired Colonel arrested over massive foreign employment scam
Two individuals linked to a large-scale foreign employment scam involving nearly Rs. 200 million have been arrested by the Special Investigations Unit of the Sri Lanka Bureau of Foreign Employment (SLBFE).
1 min
October 10, 2025
The Island
Ravi S. issues denial
The Police Media Division yesterday said that a false news report is circulating on social media claiming that retired SDIG Ravi Seneviratne, the Secretary to the Ministry of Public Security, told the Parliamentary High Posts Committee that the mastermind behind the Easter Sunday attacks had been identified and that India was behind it.
1 min
October 10, 2025
The Island
Kariapper: "Main conspirator behind Easter Sunday carnage identified"
SLMC MP Nizam Kariapper yesterday said that Secretary to the Ministry of Public Security, retired SDIG Ravi Seneviratne, had disclosed that the main conspirator behind the 2019 was identified.
1 min
October 10, 2025
The Island
Leading AI models are rapidly gaining general-purpose capabilities
I strongly believe that artificial intelligence poses an existential threat.
1 min
October 10, 2025
Listen
Translate
Change font size