Professor Sirimal Abeyratne
Chair-VERT
Presently our country’s economy is going through a tough time. We were continuously facing twin deficits, i.e., fiscal deficit and trade deficit during a major part of the last decade.The financial crisis is primarily caused by a low growth rate, and huge debt service repayment obligations. The situation is worsening Credit rating agencies including Standard and Poor's, Moody's and Fitch downgraded Sri Lanka's credit rating which makes it difficult to obtain funds through International Sovereign Bonds. In this backdrop, Vision 2040 initiated VERT to bring Academics and Practitioners together to formulate an action plan, influence all stakeholders concerned, ensure the action plan is properly implemented and continuously monitor and evaluate outcome. VERT sessions are being held at least once a month. The first session was held on 15 th January 2022.
