News
Institute for Political Economy (IPE) set up by Lankan academics
Institute for Political Economy (IPE) is an independent think tank set up to stimulate and inform debates and discussions on public policy implementation in Sri Lanka amidst a turbulent global economy. IPE, inspired by the aragalaya (struggle), aspires to be a centre for progressive thought and critical analysis dedicated to rewarding work over wealth and calls for systemic change in Sri Lanka’s political economy landscape.
IPE is committed to researching and disseminating transformative economic policies and development strategies, a news release on the launch said.
IPE’s core strength lies in the dedication of its volunteers, who comprise a network of academics, economists and professionals located globally. IPE aims to promote current global debates calling for a recalibration of the global economy, away from entrenched financialised interests and is committed to seeking viable alternatives. There is growing recognition that entrenched vested interests, including in the Global North and in Sri Lanka, are hindering equitable and ecologically sensitive development trajectories.
As a virtual organization, IPE welcomes all individuals committed to exploring alternatives that shield Sri Lanka from the excesses of the current global economic order and confront contemporary development challenges head-on.
“We believe that it is essential to develop critical analyses of mainstream policies and challenge conventional thinking,” said Charith Gunawardena. He co-founded IPE, along with Kanchana N Ruwanpura and Kanishka Goonewardena, both professors at their respective institutions. He went on to say: “Our collective aspiration is to foster an environment that encourages collaboration, draws on expertise from around the world, and advocates for transformative system change. By acknowledging existing inequities, we can collectively shift economic processes towards a progressive, egalitarian, and democratic direction”.
Key Objectives of the Institute for Political Economy (IPE):
* Providing a Platform for Progressive Dialogue: Serves as an independent platform where progressive policies and ideas can be freely discussed, debated and exchanged.
* Highlighting Global Economic Imperfections: Highlighting the prevailing imperfections of the global economic model and raising awareness about its adverse effects on societies worldwide.
* Informing and Supporting Stakeholders: Inform and support policymakers, the public, businesses, and civil society about economic issues and alternative policy solutions.
* Encouraging Public Debate and Exchange of Ideas: Foster a culture of open debate and idea exchange among various stakeholders.
* Monitoring Policy Effects: Monitor and evaluate the impact of policies and government programs.
* Collaboration with International Organizations: Recognize the importance of global cooperation and seek to align with international organizations that share its vision for equitable economic development.
As IPE embarks on its journey towards proposing transformative economic policies, it invites stakeholders from all sectors to join hands in this critical endeavour. By combining diverse expertise and perspectives, IPE aims to create a powerful force for positive change in the country.
Economist Ishac Diwan, Director of Research for the Finance for Development Lab at the Paris School of Economics (part of Ecole Normal, Sorbonne-Paris 1), who also serves as an advisory board member of the IPE shared his reflections by saying: “Congrats on putting this think tank together. All of you have done admirable work already and comes at a critical time to carry forward work that promotes alternative models on the debt crisis and the global economy. I am happy to be part of the advisory board for IPE (Institute of Political Economy) and look forward to working with everyone.”
IPE’s public engagement around the debt crisis and seeking just solutions for it, continues with a Newsfirst, Sri Lanka (People’s Platform) television programme on the topic “IMF: Beyond ticking the boxes” which aired on 26th September 2023. It included Professor Jayati Ghosh (Professor of Economics at the University of Massachusetts-Amherst, USA), who is also on the IPE Advisory Board. This programme is one in a series of public engagements that a loose collective for debt justice began, which IPE hopes to continue. These initiatives involved collaboration with the Research Intelligence Unit (RIU), Verite, and multiple television panels (including the People’s Platform), which included interviews with Professors Jayati Ghosh, Ishac Diwan, Guy Standing, Yanis Varoufakis, Radhika Balakrishnan, Muthucumaraswamy Sornarajah. IPE plan to continue these public engagements.
More information: www.ipe-sl.org.
Business
“We Are Building a Stable, Transparent and Resilient Sri Lanka Ready for Sustainable Investment Partnerships” – PM
Prime Minister Dr. Harini Amarasuriya addressed members of the Chief Executives Organization (CEO) during a session held on Thursday [3 February 2026] at the Shangri-La Hotel, Colombo, as part of CEO’s Pearl of the Indian Ocean: Sri Lanka programme.
The Chief Executives Organization is a global network of business leaders representing diverse industries across more than 60 countries. The visiting delegation comprised leading entrepreneurs and executives exploring Sri Lanka’s economic prospects, investment climate, and development trajectory.
Addressing the gathering, the Prime Minister emphasized that Sri Lanka’s reform agenda is anchored in structural transformation, transparency, and inclusive growth.
“We are committed not only to ensuring equitable access to education, but equitable access to quality education. Our reforms are designed to create flexible pathways for young people beyond general education and to build a skilled and adaptable workforce for the future.”
She highlighted that the Government is undertaking a fundamental pedagogical shift towards a more student-focused, less examination-driven system as part of a broader national transformation.
Reflecting on Sri Lanka’s recent political transition, the Prime Minister stated:
“The people gave us a mandate to restore accountability, strengthen democratic governance, and ensure that opportunity is not determined by patronage or privilege, but by fairness and merit. Sri Lanka is stabilizing. We have recorded positive growth, restored confidence in key sectors, and are committed to sustaining this momentum. But our objective is not short-term recovery it is long-term resilience.”
Addressing governance reforms aimed at improving the investment climate, she said:
“We are aligning our legislative and regulatory frameworks with international standards to provide predictability, investor protection, and institutional transparency. Sustainable investment requires trust, and trust requires reform.”
Turning to the recent impact of Cyclone Ditwa, which affected all 25 districts of the country, the Prime Minister underscored the urgency of climate resilience.
“Climate change is not a distant threat. It is a lived reality for our people. We are rebuilding not simply to recover, but to build resilience, strengthen disaster mitigation systems, and protect vulnerable communities.”
Inviting CEO members to consider Sri Lanka as a strategic partner in the Indo-Pacific region, she highlighted opportunities in value-added mineral exports, logistics and shipping, agro-processing, renewable energy, pharmaceuticals, and innovation-driven sectors.
“We are not looking for speculative gains. We are seeking long-term partners who share our commitment to transparency, sustainability, and inclusive development.”
She further emphasized collaboration in education, research, vocational training, and innovation as essential pillars for sustained economic growth.
Concluding her address, the Prime Minister expressed appreciation to the Chief Executives Organization for selecting Sri Lanka as part of its 2026 programme and reaffirmed the Government’s readiness to engage constructively with responsible global investors.
The event was attended by the Governor of the Western Province, Hanif Yusoof, and other distinguished guests.


[Prime Minister’s Media Division]
News
Prez AKD congratulates BNP’s Tarique Rahman on B’desh election win
President Anura Kumara Dissanayake has extended his congratulations to the Bangladesh Nationalist Party (BNP) and its leader, Tarique Rahman, following their landslide victory in Bangladesh’s parliamentary elections.
“Best wishes to the people of Bangladesh for reaffirming their faith in democracy, and congratulations to Mr. Tarique Rahman on leading the BNP in these elections. The results reflect the trust placed in him. I look forward to strengthening ties between our two nations,” President Dissanayake said, in a post on ‘X’.
The Bangladesh Nationalist Party won a landslide parliamentary election on Friday, securing a resounding mandate in a pivotal vote that is expected to restore political stability in the South Asian nation.
The parliamentary election held on Thursday was Bangladesh’s first vote since the 2024 Gen Z-driven uprising that toppled long-time premier Sheikh Hasina.
Opinion polls had given BNP an edge, and the party lived up to the forecasts, with the coalition it dominates winning 209 seats to secure an overwhelming two-thirds majority in the 300-member Jatiya Sangsad, or House of the Nation, Jamuna TV showed.
Soon after it won a majority in the overnight vote-count, the party thanked and congratulated the people and called for special prayers on Friday for the welfare of the country and its people.
News
Massive Sangha confab to address alleged injustices against monks
A major Sangha conference will be held on February 20 at 2 PM at the All Ceylon Buddhist Congress (ACBC) Headquarters in Colombo, bringing together both monastic and lay communities to discuss concerns over alleged injustices against Buddhist monks, the Buddha Sasana, and the nation.
Speaking at a press conference in Colombo on Thursday (12), Roshan Maddumage, Deputy Chairman of the ACBC, said the primary aim of the conference is to highlight misconduct and draw government attention to these matters.
ACBC Chairman Chandra Nimal Wakishta emphasized that the country’s legal system appears to operate inconsistently. He noted that while police officers involved in the assault of a Catholic priest were prosecuted and jailed, no investigation has been conducted into police officers accused of assaulting Buddhist monks in Trincomalee.
Wakishta stressed that the Sinhala Buddhist community has historically not engaged in violence or promoted hatred. He added that the Maha Sangha play a central role in guiding and protecting the country and the state, and that harassment or attacks on monks indirectly harm the nation as a whole.
He explained that the decision to convene the Sangha conference stems from the urgency of addressing these serious concerns, with the event expected to serve as a platform for dialogue between the clergy, lay followers, and government representatives.
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