Latest Updates from Sri Lanka
Results (pagination-heading)
Our Stories
New USAID 5-year, $19m Project Supports Sri Lanka’s Renewable Energy Goals
Body
On November 17, the United States Agency for International Development (USAID) announced its new $19 million, 5-year Sri Lanka Energy Program. Once finalized, this grant will support the Government of Sri Lanka’s vision to increase the generation of renewable energy to 70% by the year 2030 and will contribute to the transformation of Sri Lanka's power sector into a market-based, secure, dependable, and long-term system.
Partnership for Accelerating Results in Trade, National Expenditure, and Revenue
Body
The Partnership for Accelerating Results in Trade, National Expenditure, and Revenue (PARTNER) activity works to minimize bottlenecks to trade, bolster Foreign Direct Investment (FDI), and strengthen the capacity of small and medium enterprises, private sector associations, and chambers of commerce to promote a vibrant private sector in Sri Lanka.
Clean Cities, Blue Ocean
Body
Reducing plastic waste is a global issue. Clean Cities, Blue Ocean (CCBO) is USAID’s five-year, flagship global initiative to target ocean plastics at their source in cities and towns. Managed and funded through USAID headquarters in Washington, D.C. and implemented through a consortium of partners, CCBO is piloting solutions in Sri Lanka to stop the flow of plastic pollution to the waters within and surrounding the country through work in Colombo, the southern coastal city of Galle, and the northern coastal city of Jaffna. CCBO is supporting holistic strategies that address each step in the waste value chain – from production to end use – through critical site-level research, grants to local organizations, and additional technical assistance and capacity building support.
Private Sector Development
Body
Through its Private Sector Development (PSD) project, USAID increases the competitiveness of small and medium enterprises (SMEs) in order to diversify Sri Lanka’s private sector and increase revenues in high-growth sectors such as tourism, technology, and the commercial care industry. With a focus on increasing women’s participation in the labor force, the project improves market linkages, encourages the adoption of new technologies, increases innovation, and strengthens professional development, with the end goal of increasing the growth of small and medium enterprises – particularly those owned and led by women. It is also responding to the economic and financial impacts of COVID-19.