The Centre for Poverty Analysis marked its 25th anniversary with an international conference focused on poverty, development and economic recovery during times of crisis.
The two-day conference, titled “Poverty and Development in Times of Crisis,” was held at Cinnamon Grand Colombo on May 7 and 8 in collaboration with the Asian Development Bank and ODI Global.
The event brought together policymakers, economists, researchers, development experts and civil society representatives from Sri Lanka and overseas to discuss resilience, inclusive growth and economic reform.
“Poverty is not just a lack of money”
Speaking at the event, CEPA Executive Director Prof. Sirimal Abeyratne reflected on the organisation’s 25-year journey and its contribution to policy discussions in Sri Lanka.
“Poverty is not just a lack of money. It is a lack of opportunity, a lack of agency, and a lack of dignity,” he stated.
He also noted that Sri Lanka’s progress in reducing poverty had been affected by the COVID-19 pandemic and the economic crisis. According to Prof. Abeyratne, future policy efforts must focus on resilience, inclusion and sustainable recovery.
Central Bank Highlights Importance of Stability
Delivering the keynote address, Central Bank Deputy Governor Dr. Chandranath Amarasekara stressed the importance of macroeconomic stability and evidence-based policymaking.
He said crises often emerge when several vulnerabilities align and warned that governments must build policy space before a crisis begins.
Dr. Amarasekara also highlighted the need for timely poverty data and strong research institutions to support policy decisions.
Trade, SMEs and Regional Growth in Focus
A major session during the conference examined trade reforms and economic growth in developing countries during uncertain global conditions.
Former UK Cabinet Minister Sir Vince Cable said Sri Lanka has strong potential to deepen trade ties with India and the wider region. He also pointed to opportunities to strengthen the India-Sri Lanka Free Trade Agreement and expand regional economic integration.
Meanwhile, Ministry Secretary K.A. Vimalenthirarajah said Sri Lanka continues to face external shocks, debt pressures, governance challenges and foreign exchange constraints. He stressed the need for a stable and intelligent policy framework.
Focus on SMEs, Technology and Regional Trade
CEPA Board Member Yvette Fernando highlighted the importance of long-term financing for SMEs and called for stronger support for enterprise development and agriculture modernisation.
At the same time, Dr. Ganeshan Wignaraja said Sri Lanka should view geopolitical tensions as an opportunity to position itself as a regional hub for maritime trade, digital services and finance. He added that reforms in customs, digital payments and cybersecurity remain essential.
The conference also covered topics including artificial intelligence, climate resilience, food security, educational inequality, trade liberalisation and digital inclusion.
Organisers said the event reinforced the importance of evidence-based policy, institutional reform and regional cooperation to ensure future economic growth remains inclusive and resilient.
Last modified: May 11, 2026
