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Optimising sustainable finance in agriculture via Public-Private Partnerships

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Key stakeholders’ transformative dialogue on strengthening partnerships and unlocking private investment in sustainable and resilient agri-food systems

SLYCAN Trust and the Sustainable Development Council of Sri Lanka (SDCSL) recently co-hosted a thematic dialogue focused on Public-Private Partnerships (PPPs) and blended finance to scale up sustainable and climate-resilient investment in Sri Lanka’s agriculture sector.

The event brought together key stakeholders from Government agencies, financial institutions, industry associations, development partners, and other stakeholder groups to explore innovative approaches to mobilise resources for climate-friendly and resilient agri-food systems.

Sustainable Development Council Director General Chamindri Saparamadu underscored the critical need for sustainable investment opportunities in Sri Lanka’s agriculture sector, emphasising the gap between policy goals and implementation.

Saparamadu highlighted the importance of partnerships and resources to drive successful policy execution, stating: We are committed to exploring sustainable finance solutions, including blended finance, to address market failures and attract private investments in the agri-food sector. There remains a critical gap between our policy goals and targets and their implementation, including mobilising important partnerships and resources that are crucial for their successful implementation.”

SLYCAN Trust Director – Research & Knowledge Management Dennis Mombauer on stressed the role of the private sector in mobilising resources at scale to address climate change and promote green growth.

“Partnerships between the public and private sector as well as public-private-people partnerships can act as catalysts to unlock investment as well as other means of implementation, such as technology. We need to transform our financial systems and identify innovative financial instruments for sustainability and resilience building,” said Mombauer. He highlighted that this need for transformation was increasingly being recognised at the global level as well, including in the context of the multilateral climate negotiations.

In his keynote address, Senior Advisor to the President on Climate Change Ruwan Wijewardene focused on Sri Lanka’s commitment to sustainable agriculture and climate action.

“Today’s dialogue offers a unique opportunity to collectively brainstorm priorities and modalities for blended finance instruments tailored to our agricultural sector’s needs. By harnessing the expertise and resources of diverse stakeholders, we can co-create solutions that drive inclusive and sustainable growth. This dialogue provides a platform to explore policy direction that incentivises private sector engagement while safeguarding the interests of all stakeholders,” said Wijewardene.

The dialogue focused on identifying bankable projects for sustainable investment and establishing a pipeline of such projects to attract private and public finance in the agri-food sector. Furthermore, participants engaged in discussions around the available resources and opportunities for establishing a blended finance facility, with technical inputs provided by SLYCAN Trust Senior Technical Expert Happy Khambule and representatives from the Ceylon Chamber of Commerce, the banking sector, non-banking financial institutions, and the Department of Development Finance.

The event highlighted the importance of collaborative efforts in addressing climate change and other challenges facing Sri Lanka’s agriculture sector while emphasising on the potential role of blended finance in driving inclusive, sustainable, and resilient growth while safeguarding stakeholder interests.

In her closing remarks, SDCSL Director General Saparamadu emphasized the importance of addressing issues relating to policy inconsistencies and agriculture modernization while working in parallel towards developing sustainable financing mechanisms in the agri-food sector.



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ADB pledges over $1 billion annually to Sri Lanka in post-cyclone recovery push

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ADB President Masato Kanda meets Sri Lankan Prime Minister Harini Amarasuriya at ADB’s Manila headquarters.

Asian Development Bank (ADB) President Masato Kanda met with Sri Lanka Prime Minister Harini Amarasuriya at ADB’s Manila headquarters recently. The meeting reaffirmed the strong development partnership between ADB and Sri Lanka, with both leaders underscoring their commitment to post-cyclone recovery, inclusive growth, and advancing women’s equality.

“Sri Lanka’s resilience in the face of crises has been remarkable,” said Kanda. “We are committed to helping Sri Lanka rebuild after Cyclone Ditwah, while also investing in the country’s future by empowering women entrepreneurs and strengthening education and essential skills.”

Looking ahead, ADB is ready to provide more than $1 billion annually to Sri Lanka from 2026 to 2029. This financing will target macroeconomic stability, private sector-led growth, education and skills development, and resilient infrastructure. Key initiatives include a major digital transformation program to help unlock Sri Lanka’s digital economy, alongside support for its accession to the Regional Comprehensive Economic Partnership to deepen its integration into regional trade and investment networks.

During their discussion, Kanda emphasized ADB’s response to the devastation caused by Cyclone Ditwah. Building on emergency financing already mobilized, ADB is fast-tracking an emergency assistance loan to restore damaged infrastructure and support affected livelihoods.

With Dr. Amarasuriya serving as the keynote speaker for ADB’s International Women’s Day event, the leaders highlighted women’s equality as a cornerstone of inclusive development. Kanda noted ADB’s long-standing work as an implementing partner of the Women Entrepreneurs Finance Initiative, which expands access to finance, business skills training, and policy reform for women-owned enterprises. This partnership has helped drive lasting change, with Sri Lanka becoming one of the first countries to adopt the Women Entrepreneurs Finance Code at the national level in March 2025.

Dr. Amarasuriya also engaged in dialogue facilitated by ADB to advance Sri Lanka’s skills agenda, including discussions on referencing skills and qualifications with the Association of Southeast Asian Nations and on mutual areas of interest with the Philippines related to technical and vocational education and training.

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New Board appointed to lead Unit Trust Association of Sri Lanka

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The Unit Trust Association of Sri Lanka (UTASL) announced its new Board of Directors, appointing Jeevan Sukumaran of SENFIN Asset Management as President. The Board assumes leadership at a time of significant growth and resilience in Sri Lanka’s Unit Trust industry. Over the past five years, the number of unit holders has more than doubled, while assets under management have grown substantially, reflecting a clear shift in investor behaviour amid evolving economic conditions.

The 2026–2027 Board includes Vice President Kavin Karunamoorthy (First Capital Wealth Management), Secretary Asanka Herath (Lynear Wealth Management), Assistant Secretary Gayan De Silva (Capital Alliance), and Treasurer Wishan Perera (Softlogic Invest).

President Jeevan Sukumaran highlighted the importance of expanding the industry’s reach and increasing retail participation nationwide. “Whilst the Unit Trust industry has grown significantly in recent years, the next phase must focus on broadening retail investor participation across Sri Lanka’s different geographic/demographic sectors, with the key priority being strengthening investor education and awareness, particularly outside major urban centres. Improving financial literacy and expanding access to professionally managed investment solutions are essential to building long-term confidence and encouraging more Sri Lankans to invest in unit trusts.”

The new Board intends to build on the industry’s recent momentum by prioritising investor education, digital accessibility, and product innovation. Over the coming years, enhanced digital platforms are expected to make Unit Trust products more accessible, enabling investors across the country to participate in capital markets in a convenient and transparent manner.

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Indiya at Cinnamon Life enters a flavourful new chapter

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Colombo’s vibrant dining landscape has received a fresh infusion of flavour with the renewed culinary direction of Indiya, the signature Indian restaurant perched high above the city at Cinnamon Life at City of Dreams. With celebrated Indian chef Mukesh Joshi now steering the kitchen, the restaurant is presenting a menu that celebrates the depth, diversity and soul of Indian cuisine while subtly weaving in Sri Lankan influences.

Located on the spectacular Level 23 of the sprawling Cinnamon Life complex, Indiya’s setting itself feels like a prelude to the culinary journey that unfolds at the table.

The restaurant’s sweeping views of Colombo’s skyline provide a dramatic backdrop to a menu designed to take diners across India’s many culinary regions — from the fragrant biryani traditions of Awadh to the bold spice profiles of coastal kitchens.

At the heart of this new chapter is Chef Mukesh Joshi, a culinary craftsman whose career spans some of India’s most renowned hospitality institutions as well as prominent dining establishments in the Middle East.

Having honed his skills at luxury hotels such as The Westin and St. Regis Mumbai before leading kitchens in Dubai’s thriving Indian dining scene, Joshi is known for his ability to balance traditional flavours with contemporary finesse.

At Indiya, his philosophy is simple yet compelling: celebrate the authenticity of Indian cooking while creating dishes that encourage sharing and conversation.

The experience begins with a vibrant array of small plates that capture the playful spirit of India’s street food traditions. The crisp Sev Papdi Chaat offers bursts of sweet, tangy and spicy notes, while a generous Pakora Platter brings together an assortment of golden-fried fritters that evoke the comforting flavours of roadside tea stalls across the subcontinent.

From there, the menu moves naturally into the world of the tandoor — the clay oven that lies at the heart of many Indian kitchens. Among the highlights is the Hariyali Tandoori Gobi, where cauliflower is marinated in a fragrant blend of herbs before being charred to smoky perfection. Equally intriguing is the Rajma Galouti, a vegetarian reinterpretation of the famed Lucknowi kebab, delivering a melt-in-the-mouth texture that surprises and delights.

Seafood lovers will find much to savour as well. Jhinga Koliwada, a coastal delicacy of spiced prawns fried to a crisp exterior, offers a lively contrast to the delicately seasoned Rawa Fried Surmai. These dishes reflect Chef Mukesh’s confident handling of spice and texture — two essential pillars of Indian cooking.

No Indian dining experience would be complete without the ritual of sharing freshly baked breads, and Indiya’s basket arrives warm and inviting. Chilli Cheese Naan brings a playful modern twist to a classic favourite, while flaky parathas and stuffed Aloo Kulcha provide comforting companions to the restaurant’s richly spiced curries.

By Ifham Nizam

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