However, the descriptive analysis points to the continued low and declining impact of the industry on the overall economy in particular in the context of other countries like thailand, malaysia and Kenya. However the investment share for tourism sector being high the unstable political situation could be the closest reason way for this less performance in the case of comparison. With the end of war, the expected boom in the industry over the years to come will have a noticeable impact. The second empirical modal shows a strong relationship between the political stability and macroeconomic performance in particular with reference to the tourism sector. It is highly recommended to maintain a stable political situation of the country in order for industries like tourism to flourish. The paper has, in the main, addressed two of the important elements of an economic significance of the tourism industry. Further work to be undertaken includes the computation and comparison of cyclical movements of tourism sector performance in response to the global economic and political changes. Percentage of Capital investment in travel and tourism sector in Sri lanka, south Asia and in the world 2009. In comparison to the.7 of south Asia and.4 in the world the capital investment percentage of Sri lankan economy for travel and tourism sector.6.
(Amstrong, 1974) It is known that the industry provides an important impetus to growth in other sectors such as agriculture, transportation, retailing and manufacturing and is therefore seen as a key component of economic development. It plays a major role for the generation of foreign exchange which directly facilitates the improvement of foreign reserves of said economies. (Stynes, daniel J 1999) Similarly, the sector has shown greater improvements in employment generation (direct and indirect revenue accruing to tourist sites, and increase in number of hotels and similar establishments and other tourism dubai supply establishments. Main Body, given its natural advantages, the tourism sector is viewed as one of the most important engines of growth and development in the Sri lankan economy and as such, is a key focus in the governments industrial strategy. Tourism main supporting sectors account for more than.0 per cent of gdp. In relation to employment, agriculture transport, storage communication, construction, and distribution are the primary beneficiaries from a dollar spent within the tourism industry. Further, these sectors account for over.0 per cent of the employed labor force.
Sri lanka entered the international tourism market in the 1960s. Since then, this industry has been growing steadily as a promising sector for the economic development, subject to periodical setbacks especially the civil war prevailed in Sri lanka, world terrorist attacks and natural disasters. For example, international tourist arrivals to Sri lanka increased from 18,969 in 1966 to 438,475 in 2008 consequently the receipts from tourism (Sri lanka tourist board 2008). In particular, the contribution of Travel tourism to Gross Domestic Product was.5 (LKR407.5bn or US3,388.1mn) in 2009 in Sri lankan economy. The contribution of the Travel tourism economy to employment wasb503,0,.2 of total employment or 1 in every.2 jobs it also is expected to grow up to 579,000 jobs,.7 of total employment or 1 in every.Similarly, the contribution for real gdp growth for. Out of 186 registered countries of wttc the Sri lankan Travel tourism economy is ranked number 87 in absolute size worldwide and 110 in relative contribution to national economies. Tourism remains the fastest growing service industry in the economies of most of developing countries; hence more research has gone into the operations of the sector in order to examine its economic significance and potential.
Essay, about Sri, lanka and Effects of, climatic
The coastal area is consisting 1500 km2 and the exclusive economic zone is 517,000 Km2. Sri lanka has huge sea area for the fishing industry, addition that the fresh water fishing has been done in tanks and interior places of the country (Amarasinghe, 2001). There is evidence that shows all the nationalities in the country: Sinhala, tamil and Muslim have been engaging in fishing since ancient times by using traditional equipment and methods. Introduction, in countries like maldives, malaysia, singapore and Spain, tourism and related recreation activities play a significant role in the generation of income / foreign exchange and provision of employment opportunities. In fact, in the global context this industry is identified as the single largest economic contributor.
Moreover, tourism plays a crucial role in the attainment of macroeconomic stability. Besides, the political stability of a country has a major impact on read its tourism industry. According to the preceding view, this essay aims at evaluating empirically the significance of tourism in Sri lanka after ending civil war. The relationship will be presentation analyzed based on a time series approach. The study will end eavour to estimate the relationship between economic performance and tourism revenue, subject to main macroeconomic variables and political stability of the country. With respect to policy implications, the study recommends that The role of tourism could be highly emphasized in the sustainable economic development with a stable political environment.
Enhancing Sri lankas Investment Climate and Policy and Regulatory simplification: Activities to foster domestic and foreign direct investment (FDI) through (i) institutional, legal and regulatory reforms to reduce transaction cost to enterprises and improve the overall domestic business environment; (ii) strengthening the board of Investments. Firm Growth, Productivity and Jobs: building a more resilient innovative economy and entrepreneurial society; also inclusive of a public Expenditure review that will comprises of a functional and institutional review of current r d, innovation and entrepreneurship programs and gosl spending. Tourism: leveraging on the Sri lanka tourism Strategic Plan 2017-20s recommendations, a new Sustainable tourism development project will focus on enhancing the sustainable growth of the tourism sector by leveraging ppps, strengthening local economy linkages and building institutional capacity for planning and implementing tourism-related projects. Logistics: Sri lankas geographically strategic location suggests enormous potential for the country to thrive in the logistics sector, provided an enabling regulatory environment. Smes: Inclusive of a financial Sector Modernization Project together with complementary technical assistance for capital market development; a proposed innovative sme project focuses on business development and innovative finance for smes and entrepreneurs.
Last Updated: Apr 12, 2018. How to develop sri lanka fishing industry. Sri lanka is a tropical island in the Indian Ocean and low- to middle income country with a population of nearly 20 million and it was locate in south-east of the Indian sub-continent between latitudes 6 -100 N longitudes 800-820 E with consisting land approximately. The majority of the peoples are singhalese (74) while the rest of (26) were include Sri lankan Tamils, muslims, burghers and others. The Sri lanka is a developing country after gaining independence from British and also island was totally covered from waters of Indian Ocean. The fishery sector has broadly contributing to the of Sri lanka economy. The coastal area is consisting 1500 km2 and the show more content, how to develop sri lanka fishing industry.
Essay, the mindful Steward
In recognition of the social and economic effects of climate-related hazards, the government has made it a priority to strengthen the countrys resilience to natural disasters and climate change. Responding to the governments expression of interest for assistance in this regard, a comprehensive program of support involving adaptation-enhancing investments and a catastrophe deferred Draw-Down Option (cat-ddo) was prepared and approved in FY14. To increase resilience, physical investments will be financed to address short-term infrastructure weaknesses, coupled with a contingent credit line to safeguard against shakespeare immediate fiscal impacts of a disaster. Trade and Competitiveness, the Trade and Competitiveness program is a package of technical assistance to support gosls economic reform objectives to ultimately create more and better private sector jobs and become an upper-middle income country. The program is a joint initiative from the world Bank and the australian Department of Foreign Affairs and Trade (dfat). All activities in the program are underscored by a strong focus on gender, youth, disability and poverty. Specifically, the program intends to enhance the trade and competitiveness of the private sector as a way to support private-sector led growth, increase economic diversification and enhance the volume and value addition of exports via the following areas: Enhancing Sri lankas Trade potential: via the.
Urban development, sri lankas economic growth has been primarily driven by the colombo metropolitan Region (cmr which currently generates 45 percent of the countrys gdp and is home to 28 percent of its population. Sustainable growth and long-term prosperity are expected to result from a more balanced distribution of economic opportunity, which in addition to colombo also includes other major urban centers such as Kandy, galle, and Jaffna. The world Bank is supporting Sri lanka to implement its urbanization and rural-urban integration agenda. The metro colombo Urban development Project (mcudp approved in 2013, is assisting the colombo metropolitan Region to upgrade basic urban infrastructure and to implement an innovative integrated urban flood control and urban wetland management approach. Results achieved: 3 km of primary canals have been completed, 2 micro-drainage subprojects have been implemented, and 29 km of roads that have been built or rehabilitated based on prescribed standards. The newly opened Beddegana wetlands Park aids in flood control and allows the public to experience sexism the citys unique urban wetlands. In addition, the project rehabilitated the town Square and Viharamahadevi park, which included the creation of playgrounds, bicycle paths and public facilities. The Strategic Cities development Project and the Additional Financing to the project (approved in may 2016) are expanding the approach to urban infrastructure upgrading to kandy, galle and Jaffna—three strategic city regions in the center, south, and north—and supporting investments in urban water supply, sewage. Environment, Climate Change and Disaster Risk management.
results reporting (2015 several third-year targets have been met or surpassed. Of particular note: 58 percent of the 3,883 Maternal and Child health (MCH) clinics across the country supported to reach full capacity to provide mch services have achieved the target; 260 Medical Officer of health areas out of 330 have at least three health and. 55 percent of the 330 Medical Officer of health areas report having at least two functioning healthy lifestyle centres, surpassing the target. National guidelines for rehabilitation services for disabled persons have been developed. 62 percent of the 855 primary health care facilities have one-month buffer stock of 16 essential ncd drugs, surpassing the target. The percentage of hospitals linked to the quality assurance program for laboratory tests conducted by the medical Research Institute surpassed the target, reaching 94 percent. Guidelines for quality management Units were prepared and training for administration of the guidelines was completed, with quality management Units functional in more than 95 percent of secondary care hospitals. 55 percent of centrally managed hospitals are reporting indoor morbidity and mortality data electronically, surpassing the target.
The Accelerating Higher Education Expansion and development (ahead) Operation is new in the higher education sector and will help the country to increase enrollment in priority disciplines for economic development, improve the quality of degree programs, and promote research and innovation. This ahead operation is the first Program for Results (PforR) Operation in Sri lanka and in the higher education sector worldwide. Health, the world Bank has been supporting Sri lankas health sector through analytical work and credits from the International development Association since the late 1980s. Sri lankas health system has a long track record of strong performance. For at least 50 years it has achieved much better outcomes in maternal and child health and infectious disease control than would have been predicted by its income level. The remarkable success in reducing maternal and infant mortality to very low levels (30 per 100,000 and 8 per 1,000 live births, respectively) in the last half-century is in part due to effective and integrated maternal and child health services. A national health sector program is currently being supported under a 200-million Second health Sector development Project (approved in FY2013 designed to improve the standards of performance of the public health system and enable it to better respond to the challenges of malnutrition and ncds.
Sri, lanka, essays and Research Papers
Education, sri lankas achievements in education have been impressive, including universal access and participation in primary education, high enrollment in secondary education, and gender parity in general education. The primary education net enrollment rate is 99 percent and the primary education completion rate is over 95 percent. Gender parity in the education system is high compared with many other south Asian countries, with an equal proportion of girls and boys enrolled in primary education and a slightly higher number of girls than boys in secondary education. The world Bank is helping the development of human capital across all levels of education and training. The Sri lanka early Childhood development Project will increase the ability of children from disadvantaged households to access early learning opportunities. World Bank assistance to the general education sector will be strengthened through a new General Education Modernization project which is expected to commence in mid-2018. This project will enhance quality wallpaper and strengthen the stewardship of the general education system. It will also contribute to improve learning outcomes in English and Mathematics, and enhance teacher performance.