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Lanka leads South Asia in human development: UNDP

Sri Lanka stands out as the sole country in South Asia to maintain its High Human Development status in the latest United Nations Development Programme (UNDP) Report. Amidst a landscape of mixed advancements and challenges across the region, Sri Lanka’s consistent performance underscores its unwavering commitment to prioritizing the well-being and development of its people.
The UNDP’s Human Development Report 2023/2024 was released recently (March 15) in New York shedding light on the progress and disparities in human development across the globe. Central to this report is the Human Development Index (HDI), a comprehensive measure gauging average achievements in crucial dimensions of human development.
The HDI underscores the significance of prioritizing people and their capabilities over mere economic growth. It encompasses three fundamental aspects: leading a long and healthy life, acquiring knowledge, and attaining a decent standard of living.
In South Asia, the Human Development Index delineates a mixed landscape. Notably, no South Asian nation ranks within the top category of “Very High Human Development.” Sri Lanka and the Maldives are designated under “High Human Development,” while India, Bangladesh, Nepal, Bhutan, and Myanmar fall into the bracket of “Medium Human Development.” Pakistan and Afghanistan, unfortunately, find themselves classified under “Low Human Development.”
The rankings, based on data from the year 2022, depict a nuanced narrative of progress and stagnation. Sri Lanka has witnessed a slight decline in its ranking, while the Maldives has experienced a modest improvement. Bhutan maintains its position, whereas Bangladesh and India have seen marginal advancements. Nepal emerges as the most improved country in South Asia. Conversely, Pakistan has slightly progressed, while Afghanistan has faced a slight setback.
A brief analysis underscores the challenges hindering substantial progress in human development within South Asia. Despite robust economic growth in countries like India and Bangladesh, disparities persist in life expectancy and education. Governance issues, exemplified by poor or absent formal structures in Pakistan and Afghanistan, contribute to the region’s limited progress.
The contrast between Maldives and Sri Lanka, consistently categorized under “High Human Development,” and larger South Asian nations underscores the influence of population size and economic independence on HDI rankings. However, it’s evident that a high HDI doesn’t necessarily ensure economic security, as both nations grapple with significant debt dependency.
The report’s definitions, ranging from life expectancy at birth to gross national income (GNI) per capita, offer deeper insights into the factors influencing human development trajectories.
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Russian Embassy, Russian House, unveil plaque at Public Library in honour of 80th anniversary of victory day

The Russian Embassy in Sri Lanka and the Russian House in Colombo unveiled a plaque at the public library Colombo today (29th April) in honour of the 80th anniversary of victory day.
Victory Day is celebrated on the 9th of May, the day Nazi Germany was defeated in World War II. It is an important date in the Russian calendar and an integral part of Russian culture.
The plaque was jointly unveiled by the Ambassador of the Russian Federation in Sri Lanka Lenav Dzhagaryan and Ms Maria Popova Counsellor of the Russian Embassy in Sri Lanka and Director of the Russian House in Colombo
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Ministerial committee appointed to review and further enhance ‘State Commercial Enterprises Management draft bill’

It has been recognized that the state enterprises should be re – structured and maintained with proper administration with the assistance of local or foreign investments without being a continuous burden to the General Treasury and the country’s economy. Therefore, it is the policy of the new government to introduce an efficient and accountable mechanism in the regard. An initial draft named “State Commercial Enterprises Management Draft Bill” has been already prepared to introduce a new legal framework required for maintaining after performing necessary restructuring and with proper management of government owned business companies. Thereon, it will be possible to totally free the state entrepreneurship establishments from political influences and appoint professionals with proficiency for its board of directors.
Accordingly, the Cabinet of Ministers approved the proposal furnished by the President in his capacity as the Minister of Finance, Plan Implementation and Economic Development to grant policy approval of the Cabinet of Ministers for the said initial draft and appoint a special committee with the following composition to submit appropriate proposals for further enhancing after reviewing the initial draft:
• Hon. (Dr.) Anil Jayantha Fernando, Minister of Labour and the Deputy Minister of Economic Development – (Chairman)
• Hon. Sunil Handunneththi Minister of Industries and Entrepreneurship
• Hon. Wasantha Samarasinghe Minister of Trade, Commerce, Food Security and Co – operative Development
• Hon. (Dr.) Harshana Sooriyapperuma Deputy Minister of Finance Plan Implementation
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