4th Annual Forum on Business Economics: Fostering Resilient Growth and Financial Stability in Sri Lanka

Date: August 16, 2023

Venue: Virtual Event via Zoom

Sri Lanka, August 16, 2023 – The Research Center for Business Economics and Development Studies at the Department of Business Economics recently conducted its highly anticipated 4th Annual Conference on Business Economics, focusing on the critical theme of “Enabling Resilient Growth and Ensuring Financial System Stability in Sri Lanka.” Held virtually via Zoom, this event brought together eminent experts, policymakers, and thought leaders to explore this pressing issue in-depth.

The conference was notably graced by the presence of distinguished resource persons who approached the theme from various angles. The panelists at the forum included:

1. Mrs. T.M.J.Y.P. Fernando – Senior Deputy Governor, Central Bank of Sri Lanka
2. Dr. W.A. Wijewardene – Former Deputy Governor, Central Bank of Sri Lanka
3. Dr. Rohan Pallewatta – Executive Chairman, Lanka Harness Company (Pvt) Ltd
4. Dr. M.K.C. Senanayake – Director General, Department of Fiscal Policy, Ministry of Finance

The event was moderated by Dr. Janaka Fernando, the esteemed Head of the Department of Business Economics, who skillfully guided the proceedings.

The central focus of this forum revolved around addressing the economic challenges facing Sri Lanka and discussing strategies to foster resilient growth while ensuring the stability of the financial system. In a world marked by uncertainty and change, the ability to adapt and thrive in the face of adversity is paramount.

Key discussions during the conference included:

1. Economic Resilience in Sri Lanka: Panelists shared insights on how Sri Lanka can build economic resilience in the face of global challenges and regional economic shifts.
2. Financial System Stability: Experts deliberated on the crucial role played by financial institutions and the Central Bank in ensuring the stability of Sri Lanka’s financial system.
3. Private Sector Contribution: Dr. Rohan Pallewatta highlighted the private sector’s role in fostering economic growth and development, emphasizing the need for collaboration between the public and private sectors.
4. Fiscal Policies: Dr. M.K.C. Senanayake shed light on the fiscal policies and strategies being implemented by the Ministry of Finance to support economic growth and stability.

The 4th Annual forum on Business Economics was a platform for open and informed dialogues, addressing these pertinent issues. The event played a significant role in promoting the ongoing discourse surrounding the enhancement of resilient growth and the maintenance of stability in Sri Lanka’s financial system.

The insights shared by the distinguished panelists, along with the interactive discussions, marked an important step towards devising actionable strategies that can help Sri Lanka navigate its economic challenges and continue its journey towards sustainable development.

This forum serves as a testament to the Department of Business Economics’ commitment to advancing knowledge and understanding in the field, as well as fostering practical solutions for the economic well-being of Sri Lanka. With the participation of such influential figures and the collective wisdom shared, it is anticipated that this event will contribute significantly to the nation’s progress and economic resilience.

The 4th Annual forum on Business Economics truly showcased the power of informed discussions and collaborative efforts in addressing the most pressing issues that shape our economic landscape.