Efforts underway to accelerate education reforms, foster entrepreneurship: Govt.

Sri Lanka will accelerate education reforms and foster innovation to prepare the economy for rapid technological and structural change, Prime Minister Harini Amarasuriya said last week, pledging a policy environment that supports startups and attracts investment.

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“The future strength of Sri Lanka’s economy will not rely on traditional sectors alone,” Amarasuriya said at the launch of the National Institute of Business Management's (NIBM) New Ventures initiative in Colombo.

“Our greatest national resource is not material but human. The ideas, skills and energy of our young people will determine the direction of our economy and our society.”

She said the government was committed to creating a framework that encourages entrepreneurship, attracts domestic and foreign capital, and reduces unnecessary administrative barriers for entrepreneurs. Such measures were essential to align the country’s recovery with long-term growth, she said.