News
Sri Lanka launches first Climate Resilience Revolving Fund for MSMEs
In a landmark step towards strengthening the resilience of micro, small, and medium-sized enterprises (MSMEs) against climate-induced disasters, Chrysalis, with the support of CARE Germany, officially launched Sri Lanka’s first Climate Resilience Revolving Fund for MSMEs in Colombo recently.
The initiative, co-funded by the German Federal Ministry for Economic Cooperation and Development (BMZ), the European Union, and Co-Impact, and implemented by Chrysalis, is part of the broader Climate and Disaster Risk Financing and Insurance (CDRFI) framework. It aims to safeguard livelihoods, accelerate post-disaster recovery, and embed long-term resilience practices among MSMEs in the Uva and Central Provinces.
MSMEs form the backbone of Sri Lanka’s economy, contributing significantly to employment generation, economic diversification, and community development. Some of these enterprises are women-led or women-powered, making them vital not only for household income but also for advancing gender equality and community resilience. However, they are increasingly exposed to floods, droughts, landslides, and other climate-induced shocks, which can disrupt operations and threaten livelihoods. The newly launched Revolving Fund will provide rapid financial support through MSME consortia in Badulla, Monaragala, Matale, and Nuwara Eliya, enabling quicker recovery, safeguarding women’s economic participation, and ensuring business continuity in the aftermath of disasters.
Hannah Bartels, Programme Coordinator MAP II CARE Germany Representative, emphasised ‘With the leadership of the German Federal Ministry for Economic Cooperation and Development and the commitment of global partners, this initiative in Sri Lanka illustrates how international funding can directly strengthen resilience at the community level’.
Speaking at the launch, Ashika Gunasena, CEO of Chrysalis, said: ‘SMEs are the backbone of Sri Lanka’s economy, but women-owned businesses are hit hardest by floods, droughts, and other climate shocks. Building climate resilience is not just about protecting enterprises, it is about safeguarding women’s livelihoods and strengthening communities’.
The initiative is a multi-actor collaboration involving government ministries, private sector financial institutions, civil society organizations, and development partners. By linking disaster risk financing directly to MSME consortia, the Fund not only supports immediate recovery but also fosters long-term resilience practices that can be scaled nationally.
The launch event also featured discussions on integrating CDRFI into Sri Lanka’s National SME Policy, the development process of the Revolving Fund, and the symbolic handover of the first round of grants to MSME consortia. It provided a platform for policymakers, private sector actors, and development partners to explore scalable solutions for climate risk preparedness.
This pioneering initiative seeks to strengthen MSME resilience, diversify market opportunities, and foster sustainable livelihoods in tourism, agriculture, and industry. The Revolving Fund marks a critical milestone in the journey toward comprehensive CDRFI solutions, ensuring that Sri Lanka’s MSMEs are better prepared for the climate challenges of today and tomorrow.
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Advisory for Severe Lightning for the Western and Sabaragamuwa provinces and Galle and Matara districts
Advisory for Severe Lightning
Issued by the Natural Hazards Early Warning Centre at 12.00 noon 07 February 2026 valid for the period until 11.00 p.m. 07 February 2026
Thundershowers accompanied with severe lightning are likely to occur at some places in the Western and Sabaragamuwa province and in Galle and Matara districts.
There may be temporary localized strong winds during thundershowers.
The general public is kindly requested to take adequate precautions to minimize damages caused by lightning activity.
ACTION REQUIRED:
The Department of Meteorology advises that people should:
Seek shelter, preferably indoors and never under trees.
Avoid open areas such as paddy fields, tea plantations and open water bodies during thunderstorms.
Avoid using wired telephones and connected electric appliances during thunderstorms.
Avoid using open vehicles, such as bicycles, tractors and boats etc.
Beware of fallen trees and power lines.
For emergency assistance contact the local disaster management authorities.
News
INS GHARIAL departs island
The Indian Naval Ship (INS) GHARIAL which made a port call in Colombo, departed the island on 06 Feb 26.
The Sri Lanka Navy bade a customary farewell to the departing ship at the Port of Colombo, following naval traditions.
During the ship’s port call, the crew took a sightseeing tour of key attractions in Colombo.
The visit also featured the handover of ten temporary Bailey Bridges, which were brought by INS GHARIAL, in coordination with the High Commission of India in Sri Lanka.
News
Stop the collection of funds from parents at school level for Smart Boards — PM
Prime Minister Dr. Harini Amarasuriya stated that the Ministry of Education has already commenced the distribution of Smart Boards required for the new education reforms, and that the collection of funds from parents at school level for this purpose must be stopped immediately. She further emphasized that no decision has been taken to curtail free education or to close the Jayewardenepura Faculty of Dental Sciences.
The Prime Minister made these remarks in response to a question raised in Parliament on Thursday [05th February] by the Leader of the Opposition, Sajith Premadasa.
Elaborating further, the Prime Minister stated,
“Although the Leader of the Opposition has not traditionally upheld free education as a policy, I appreciate your stance on the matter at this juncture. However, I urge that questions should not be raised based on social media content or unverified rumours in Parliament. No decision has been taken to curtail free education or to close the Jayawardenepura Faculty of Dental Sciences. The Medical Faculty of the Wickramarachchi University of Indigenous Medicine had commenced operations without regulatory approval and had introduced course work, resulting in students being placed in a vulnerable situation. Necessary action is currently being taken based on the recommendations of a report submitted by an expert committee appointed to examine the issue. This this is not a political decision, but one guided by expert opinion”.
“Arrangements are underway to distribute the required Smart Boards to schools during this year, and there is no need to collect funds from parents for this purpose. If any such collections are taking place, they must be stopped immediately. The Secretary to the Ministry of Education has already issued a directive instructing schools not to collect funds from parents”.
“The subject Information Technology will not be taught as a separate subject for Grades 1 to 5. However, recognizing the need to prepare students for a globally advancing technological world, discussions have been initiated based on expert advice on how to provide age-appropriate technological awareness to students. Decisions will be made after carefully considering child protection concerns and expert recommendations. The curriculum-related decisions will not be made politically, but by subject experts.
Based on the requests made by the universities and higher education institutions recruitment for essential academic vacancies is currently being carried out under the Cabinet approval. Although thirty years have passed since the establishment of the teacher service, further measures are required to enhance its quality. Existing issues relating to teacher promotions, considering the practical difficulties in evaluation processes and non-compliance with service minute provisions are being addressed alongside other challenges. The government is presently focused on formulating a systematic plan to ensure quality education.”
Responding to a question raised by the Member of Parliament Kader Mastan, the Prime Minister stated,
“Several programmes have been introduced based on government policy decisions to fulfill the basic needs of schoolchildren. These include the provision of school textbooks, uniforms, and the “Suraksha” health insurance scheme. Additionally, voucher schemes have been introduced to support the purchase of sanitary products for girls in Grades 6 to 13. Midday meals are also being provided for primary school students, and financial assistance is extended to students who pass the Grade 5 Scholarship Examination but do not receive bursaries. The Ministry of Education is in the process of gathering further information with the intention of expanding these programmes”.
The Prime Minister also announced that the 2025 G.C.E. Ordinary Level Examination is scheduled to be held from February 17 to 26. Although this period coincides with the observance of Ramadan, relevant authorities have confirmed that it will not pose an obstacle to the conduct of the examination. Furthermore, it has been decided to hold the Grade 5 Scholarship Examination and the G.C.E. Advanced Level Examination before August each year, and the G.C.E. Ordinary Level Examination in December. From 2026 onwards, efforts will be made to conduct examinations in accordance with this revised annual examination calendar.
[Prime Minister’s Media Division]
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