Development Of Port Services In Sri Lanka Tourism Essay

The pre-school was identified as part of a needs assessment by UNICEF and Plan International Sri Lanka, an international, child based community development organization.


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Free Essays on Development In Sri Lanka through

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Ample scope exists as well for an expansion in the information technology/business processing operations (IT/BPO) sector. With a growing and aspirational middle class, investors see opportunities in franchising, retail, and services, as well as light manufacturing. Investments with an export dimension have the most potential. Reconstruction in the North and East, and infrastructure development throughout the country, including new ports and roads, are also fuelling growth. Sri Lanka’s free trade agreements with India and Pakistan offer preferential access to those markets, and Sri Lanka maintains friendly relations with all its neighbors in the region. The capital city of Colombo offers expatriate managers a good quality of life, with excellent international schools, good housing, and decent urban conditions relative to the region. Political stability and the cessation of the war have allowed the government and population to focus on rebuilding their economy and society.Remittances from migrant workers, at around US$6 billion per year, are Sri Lanka’s largest source of foreign exchange and helped to partially offset the trade deficit. Sri Lanka also receives multilateral and bilateral financial support. While China has emerged as the largest recent lender, traditional donors such as the International Monetary Fund, World Bank, Asian Development Bank (ADB), and Japan as well as neighboring India continue to provide significant funds. Australia is also the new leading bilateral donor, providing US$40 million a year in assistance. Increased foreign commercial borrowings, including US$1 billion sovereign bond issues in 2010, 2011, and 2012, have also helped external reserves, which reached US$6.4 billion (4 months of imports) in 2012. In 2012, Sri Lanka successfully completed the IMF Stand-By Agreement, but in February 2013, the Government and IMF failed to agree on a follow-on facility.To move to cultural relations, there is, I think a recognition today, increasingly, of the diversity in the international community. The fact that each culture, whether it is an indigenous culture or whether it is a culture of the countries that constitute the United Nations, has to be treated with respect. And so, instead of having the thesis of a ‘clash of civilisations’, which came out of the Harvard professor Samuel Huntington, we have the concept of an ‘alliance of civilisations ‘which is led by Spain and Turkey, two countries which in fact experienced an alliance of civilisations when the Ottoman Turks went to Spain and left behind rich cultural treasures in the South of Spain. So this is, I think, a specially important way in which the equality of cultures and the mutual benefit of having an interchange of cultures is recognised. We also have seen the development as referred to earlier in ICT, the way in which computer technology and telecommunications has shrunk the world and made it a much more inter-dependent and globalised world. And there is, of course, the work of UNESCO which has not only heightened our awareness of other cultures and which has designated a series of sites as world heritage sites including sites in Sri Lanka, but which has made us appreciate the common heritage of human kind.