PD News headlines this week tackled declining support of global aid across the world.
The World Bank Board of Directors today approved $100 million in financing to support Sri Lanka’s higher education sector. This new initiative will help increase enrollment in priority disciplines, improve the quality of degree programs and promote research and innovation in the higher education sector. Building on experience in the higher education sector since 2003, the new Accelerating Higher Education Expansion and Development (AHEAD) operation is the first in Sri Lanka to use the World Bank Program for Results lending instrument.
On the day Prime Minister Narendra Modi landed in Sri Lanka to take part as the chief guest in International Vesak Day celebrations — the most significant day in Buddhist calendar — Chinese President Xi Jinping was giving final touches to the first Belt and Road Initiative (BRI), a super-massive infrastructure project connecting China with Europe and Middle East. 30 world leaders have flown to Beijing to take part in Sunday's maiden forum.
The Australian Department of Foreign Affairs and Trade (DFAT), the Ministry of Development Strategies and International Trade (MODSIT) and the World Bank launched a joint programme of technical assistance and advisory services to the Government of Sri Lanka (GoSL) to enhance the competitiveness of the private sector and unleash the potential of Sri Lankan exports.
The threads that connect India and Sri Lanka are many. From mythology to history to civilizational, cultural, commercial and people-to-people ties, there are layers and layers of what we mean for each other. We have the profound advantage of not having to look hard for similarities and bonds. The question is how to encash these advantages and maximise our mutual benefit?
Sri Lanka Navy is taking part in Pakistan's AMAN-17 multinational naval exercise kicked off on February 10 in the North Arabian Sea in Karachi. The multinational naval exercise is held from February 10 to 14 with the participation of 37 countries. Nine nations including Australia, China, Indonesia, Turkey, Sri Lanka, the United Kingdom, the United States, Japan and Russia are participating with warships or aircraft.
The US can be a natural partner to Sri Lanka as it progresses on the challenging transformative journey, to develop the nation as a modern democracy, rapidly integrating with the world of business and trade, in peace and friendship, for the mutual benefit of both countries, the Ambassador said.
Examining the trends, it has to be mentioned that the tourist demand structure has been visibly changed. Destination tourism organizations, domestic and foreign tourism enterprises of China and Sri Lanka both need to better understand the new trends and new features of China outbound tourism market in 2017.