1. POLICY REORIENTATION FOR ECONOMIC TRANSFORMATION
MINISTRY OF NATIONAL POLICIES AND ECONOMIC AFFAIRS
SRI LANKA ECONOMIC SUMMIT | 25TH JULY 2017 | CINNAMON GRAND, COLOMBO

2. Recent growth reasonably strong
26-year civil war period
Data Source: World Development Indicators

3. Then what is the problem?

4. Peace dividend et al not sustainable
Source: Center for International Development, Harvard University

5. Messed up the export equation
Whole period
SGP
14.03
8.99
19.74
22.90
9.17
6.32
11.51
VNM
2.57
5.00
3.92
6.56
4.78
6.30
6.05
MYS
10.36
11.11
4.64
6.96
1.78
1.81
4.26
THA
3.61
0.19
3.51
4.58
2.11
2.50
3.32
CHN
3.96
1.29
2.71
5.63
2.00
1.42
2.30
IND
6.78
0.93
1.51
2.55
1.87
1.90
1.72
CRI
2.86
3.86
0.57
4.37
0.73
1.10
1.68
PHL
0.74
4.92
2.19
2.51
0.79
0.84
1.20
IDN
2.22
0.07
0.46
1.53
1.04
1.17
1.15
LKA
2.24
2.20
0.59
1.44
0.55
1.07
Each cell contains the component of GDP growth coming from exports alone
Source: Center for International Development, Harvard University

6. No wonder export share fell dramatically

7. And remained quite ‘old’
Source: Center for International Development, Harvard University

8. With very little diversification

9. As opposed to, say, Thailand

10. Government understands the issues and has begun to fix the problems

11. Policy questions to answer
Source: Center for International Development, Harvard University

12. At the overall level need to fix urgently
Source: Center for International Development, Harvard University

13. Revised three year policy plan to be released at the second anniversary

14. Harsha de Silva, MNPEA