AGP Executive Report
Last update: 6 hours agoSri Lanka’s export push: The government will unveil the National Export Development Plan (NEDP) 2026–2030 on 16 June, targeting $36bn in export earnings by 2030, with the Export Development Board leading work with ADB support. Public spending ramp-up: Capital expenditure is set to rise sharply, with plans to allocate nearly Rs. 2 trillion for 2027 infrastructure, after Rs. 1.35 trillion was already earmarked for 2026, including road upgrades under the iRoad programme. Airline restructuring: Cabinet has appointed a high-powered committee to tackle SriLankan Airlines’ Rs. 340bn balance-sheet hole, with an IMF-backed shift toward long-term commercial viability and an adviser-led restructuring roadmap. Banking scandal spotlight: NDB’s alleged Rs. 13.2bn internal fraud has triggered restatements and losses, raising fresh questions on internal controls and governance. Labour & AI agenda: Sri Lanka is pitching an “AI-first” strategy at the ILO to use AI for productivity and institutional reform, while managing job-transition concerns. Trade & investment diplomacy: President Dissanayake met CHEC to discuss Port City Colombo growth and investor confidence under IMF policy stability. Social support: State universities begin paying a monthly Rs. 5,000 allowance to differently-abled students, including backdated arrears from January 2026.
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