Climate-Smart Agriculture Investment Plan Launched to Combat Climate Change
Sri Lanka Unveils Climate-Smart Agriculture Investment Plan

Sri Lanka Unveils Climate-Smart Agriculture Investment Plan

Sri Lanka has launched its first Climate-Smart Agriculture Investment Plan. This plan aims to strengthen farming against climate change impacts. It’s funded by the Green Climate Fund and led by the UN’s Food and Agriculture Organization.

The plan will give farmers sustainable practices and tools. These will help them deal with rising temperatures and extreme weather. The goal is to lessen the harmful effects of climate change on agriculture.

Sri Lanka is one of the top 10 countries at risk from climate change. This ranking comes from the Global Climate Risk Index. Without action, crop yields could drop by 10-12% in dry and intermediate zones.

The plan is a key step towards a stronger future for Sri Lankan farmers. It brings together experts from various fields to create effective strategies. These strategies will match Sri Lanka’s development goals.

The plan promotes ways to reduce climate change effects. It also teaches farmers how to adapt their methods. This knowledge will help them face the challenges of a changing climate.

FAO and Green Climate Fund Collaborate to Enhance Agricultural Resilience

The FAO and GCF are teaming up to boost climate-resilient food systems in Sri Lanka. This effort aims to improve agricultural resilience and support low-emission farming practices. It ensures food security for the growing population while promoting sustainable agriculture.

The FAO predicts food production must increase by 60% to feed 9 billion people by 2050. This initiative is a crucial step towards meeting that goal. It addresses both current and future food security challenges.

Innovative Investment Mechanisms to Bridge Farmers and Investors

The FAO-GCF partnership is creating new ways to connect farmers with investors. They’re attracting private sector funding and green investment initiatives. This helps farmers adopt climate-smart agriculture practices and access needed resources.

Similar projects have shown great success. For example, agroforestry systems on Mount Kilimanjaro increased farmers’ incomes by 25%. This was achieved through coffee cultivation, demonstrating the potential of these investments.

Promoting Youth Entrepreneurship in Agriculture

The collaboration focuses on getting youth involved in agriculture. They work with government bodies, private sector, and academia to create opportunities. This helps young people contribute to low-emission farming and climate-resilient food systems.

Youth involvement ensures long-term sustainability of Sri Lanka’s agricultural sector. It also boosts the nation’s economic growth and stability. This approach addresses both present and future agricultural needs.

Climate-Smart Agriculture Investment Plan Launched to Combat Climate Change

Sri Lanka has launched its Climate-Smart Agriculture Investment Plan to tackle climate change challenges. This initiative, backed by the Green Climate Fund and FAO, aims to strengthen the agricultural sector’s resilience.

Sri Lanka ranks among the top ten countries most vulnerable to extreme weather events. Without proper measures, dry and intermediate zones could face a 10-12% yield reduction in agriculture.

The plan involves various stakeholders, including government bodies, private sector, and academia. It aims to develop innovative investment mechanisms for Sri Lanka’s agricultural landscape. The goal is to connect farmers with investors for climate-smart interventions.

The global agrifood system currently emits one-third of all emissions. Food systems consume about 70% of fresh water resources. Global food demand is expected to rise to feed 9.7 billion people by 2050.

The launch workshop is the first of many planned consultations. Sri Lanka is taking proactive steps to equip its agricultural sector for adaptation and resilience. This approach will help ensure food security while reducing agriculture’s environmental impact.

Key Components of Sri Lanka’s Climate-Smart Agriculture Strategy

Sri Lanka’s Climate-Smart Agriculture Investment Plan aims to boost agricultural resilience and fight climate change. The $140 million plan promotes sustainable farming, ecosystem restoration, and environmental conservation. It focuses on low-emission agriculture, climate-resilient food systems, and attracting green investments.

The plan targets over 470,000 smallholder farmers in Sri Lanka’s dry zone. It covers 11 administrative districts and six provinces. The project is funded through a six-year Investment Project Financing Credit.

Funding sources include $125 million from IDA Transitional Credit and $15 million from other sources. The plan allocates $42 million for agriculture production and marketing. It also designates $92 million for water management and $6 million for project oversight.

Agroforestry is a key priority, integrating trees into farmland to boost ecosystem services. This practice enhances biodiversity and carbon sequestration. Agroforestry helps farmers adapt to climate change by providing shade and reducing soil erosion.

The plan supports agroforestry adoption through training and financial incentives. A Project Management Unit within the Ministry oversees implementation. A National Project Steering Committee provides strategic guidance and coordination.

Monitoring and evaluation are crucial to assess the plan’s outcomes. These measures ensure effective implementation of the action plan.

FAO Introduces Good Agricultural Practices to Boost Farmer Incomes
FAO Introduces Good Agricultural Practices in Sri Lanka

FAO Introduces Good Agricultural Practices in Sri Lanka

The UN’s Food and Agriculture Organization (FAO) has brought Good Agricultural Practices to Sri Lankan farmers. Over 600 smallholder vegetable farmers in Badulla, Monaragala, and Mullaitivu districts are benefiting. This initiative aims to boost farms, increase agricultural productivity, and enhance farmer livelihoods through sustainable methods.

FAO’s program equips farmers with essential tools and knowledge. It promotes climate-resilient approaches and GAP certification. The results are impressive: 71% of farmers report better crop quality and less pesticide use.

Farmers’ incomes have also improved significantly. 72% saw an increase in total income. 24 farmers made over Rs. 1,000,000 in one season from just 0.25 acres.

More than 150 farmers exceeded Rs. 500,000 in income. This shows the economic impact of Good Agricultural Practices. Chemical fertilizer use decreased by 48% per 0.25 acres, highlighting environmental benefits.

FAO’s work aligns with Sri Lanka’s priorities and UN development goals. Their efforts to empower smallholder farmers through modern practices are promising. This initiative could have a lasting impact on Sri Lanka’s agriculture and farming communities.

FAO’s Initiative Modernizes Farms and Empowers Smallholder Farmers

The FAO has launched a groundbreaking initiative in Sri Lanka to modernize farms. It empowers smallholder farmers through climate-smart agriculture practices. The program provides essential agriculture kits, training, and financial support for sustainable farming.

Providing Essential Agriculture Kits and Training

Over 600 smallholder vegetable farmers in Badulla, Monaragala, and Mullaitivu received tailor-made agriculture kits. These kits include drip irrigation systems, plastic mulch, insect-proof nets, and GI pipes. They enable farmers to implement modern, water-efficient, and pest-resistant farming techniques.

The FAO conducts comprehensive farmer training programs to ensure effective resource utilization. Farmers learn to optimize crop yields and reduce reliance on harmful pesticides. They also gain skills in adopting environmentally friendly practices through hands-on workshops and demonstrations.

Facilitating Capacity Building through Farmer Field Schools

The FAO has established Farmer Field Schools across the targeted districts. These interactive platforms foster peer-to-peer knowledge sharing. They empower farmers to achieve Good Agricultural Practices (GAP) certification.

Farmers gain exposure to innovative techniques like integrated pest management. They also learn efficient irrigation methods, boosting productivity and crop quality.

Offering Cash Assistance to Support Transition

The FAO and World Food Programme provide cash assistance to farmers. This support helps meet their immediate food and nutrition needs. It ensures farmers can focus on implementing sustainable farming practices without compromising their livelihoods.

The initiative’s impact has been remarkable, with 71% of farmers reporting improved crop quality. There’s also been a significant reduction in pesticide and agrochemical usage. Additionally, 72% of farmers have experienced an increase in total income.

Twenty-four farmers made profits exceeding Rs. 1,000,000/- in a single cultivation season. Moreover, 150 farmers surpassed the Rs. 500,000/- mark.

Tangible Outcomes: Improved Crop Quality, Increased Incomes, and Environmental Benefits

The FAO’s Good Agricultural Practices initiative in Sri Lanka has produced remarkable results. Farmers report better crop quality, less pesticide use, and higher profits. The project’s sustainable farming methods have reduced agro-chemical use and improved crop resilience.

Significant Reduction in Pesticide and Agro-chemical Usage

The initiative has greatly reduced pesticide and agro-chemical use among farmers. Over 71% of farmers now use fewer harmful substances, leading to healthier crops. Chemical fertilizer use per 0.25 acres has dropped by 48%, aiding environmental conservation.

Enhanced Crop Resilience and Pest Management with Insect-Proof Nets

Insect-proof nets have revolutionized farming in Sri Lanka. These nets protect crops from pests and diseases, reducing damage and boosting resilience. They also minimize harm from wild animals, maintaining consistent crop quality throughout the season.

Remarkable Increase in Farmer Incomes and Profitability

Good Agricultural Practices have significantly boosted farmer incomes and profits. An impressive 72% of farmers reported higher total income. Over 24 farmers made profits exceeding Rs. 1,000,000 in one cultivation season.

More than 150 farmers surpassed Rs. 500,000 in profits. This shows the potential for financial growth when farmers adopt sustainable practices.

FAO Introduces Good Agricultural Practices to Boost Farmer Incomes

FAO Sri Lanka is committed to modernizing agriculture and improving farmers’ lives. They’ve introduced Good Agricultural Practices (GAP) to smallholder farmers. This has led to better crop quality, higher incomes, and environmental benefits.

GAP adoption has brought remarkable results for farmers. Over 71% saw better crop quality and used fewer pesticides. 72% of farmers increased their total income.

More than 24 farmers made profits over Rs. 1,000,000. Over 150 farmers earned above Rs. 500,000 in one season. Chemical fertilizer use dropped by 48% per 0.25 acres.

An awards ceremony in Thanamalvila celebrated these achievements. It recognized farmers’ accomplishments across three districts. The event highlighted GAP certification’s role in boosting market demand.

Attendees included Australian Deputy Head of Mission, Ms. Lalita Kapur. Provincial Secretary of Agriculture, Mr. Upali Jayasekara, also joined. FAO Assistant Representative, Mr. Nalin Munasinghe, was present too.

Sri Lanka Develops National Action Plan Using e-NAPHS

Sri Lanka Develops National Action Plan Using e-NAPHS

Sri Lanka is leading the way in global health security. They have started their National Action Plan for Health Security (NAPHS) for 2024-2028. This big step was made possible by a workshop that brought together over 80 experts from different fields. Sri Lanka stands out as the first country to use the e-NAPHS online tool, created by the World Health Organization, for planning health security.

The country is now focused on getting better prepared. With the new National Action Plan, there’s a shift to a more flexible two-year operational plan from the older five-year strategy. This change shows Sri Lanka’s ability to adjust its health strategies quickly. In 2023, important assessments were done. These assessments looked at International Health Regulations and other frameworks. They set the stage for 51 key actions identified during the NAPHS consultation. These actions strengthen Sri Lanka’s defense against health emergencies.

Collaborative Efforts in Shaping Sri Lanka’s Health Security

The creation of Sri Lanka’s health security strategy is very important. It brings together multi-stakeholder consultative effort. Global health experts and local leaders work together to strengthen health security actions and capacity building. This teamwork helps protect the public’s health. By combining the expertise of the World Health Organization (WHO) and local insights, Sri Lanka is making big improvements. It is meeting International Health Regulations (IHR capacities).

Multi-stakeholder Workshop: Uniting Global and Local Expertise

A key workshop was held, showing Sri Lanka’s dedication to a strong health security strategy. This event had over 80 experts, showing a commitment to an all-encompassing public health strategy. These activities help in deep international cooperation. They make it easier to put global health strategies into local actions.

WHO’s Role in Spearheading the e-NAPHS Tool Development

The World Health Organization is key in making the e-NAPHS tool. This tool is a big step forward in health security investments. It makes it easier to move from planning to doing, improving health preparedness and response. This is vital for countries like Sri Lanka, aiming to up their health security with smart, flexible solutions.

Fostering Strong Alliances with International Agencies and Banks

Sri Lanka is focusing on health security investments by teaming up with big names like the World Bank and Asian Development Bank. These partnerships give financial support to important health projects. They help create a strong infrastructure that can deal with health crises. The support from these banks shows how vital money strategies are for resilient health systems.

To also boost its agricultural sector and ensure food sustainability, Sri Lanka is focusing on advanced tech. It has made progress in improving digital agriculture solutions and recorded a huge paddy harvest in 2024. Both efforts are key for health security and economic health.

Financial Institution Focus Area Contribution to Health Security
World Bank Infrastructure Enhancement Investments in health facilities and emergency response capabilities
Asian Development Bank Technical Assistance and Capacity Building Supporting health system strengthening and pandemic preparedness

Through these united efforts, Sri Lanka is boosting its health security and helping in regional and global health stability.

Investment and Resource Allocation: Foundation for Sustainable Health Strategies

Sri Lanka is leading the way in global health within the South-East Asia region. It has launched a thorough resource mapping effort for its National Action Plan for Health Security. Thanks to the World Health Organization’s REMAP tool, the country is making big strides in planning health finances and securing health. The NAPHS 2022-2026, with input from all six WHO Regional Offices, shows Sri Lanka’s dedication to long-term health planning and readiness for health crises.

The center of this project focuses on finding financial resources and noticing where more funding is needed. Knowing these details helps to choose which health actions to do first. The REMAP tool has been key in matching finances with the human, economic, and societal impacts of recent pandemics. It helps leaders get together the money and support needed for Sri Lanka’s health protection. These financial insights make everything more open, helping launch important health actions. This open planning is also part of the National Investment Plan, which aims at making the country more ready for health emergencies.

At the Global Consultative Meeting on Health Security, nations like Argentina, Australia, China, Italy, and Thailand agreed: strong health systems are crucial for dealing with emergencies. The Seventy-fifth World Health Assembly highlighted the need for better health governance, systems, and funding. Sri Lanka has put forward $170,000 as a start to strengthen its health defenses. This move is part of its broader strategy to deal with pandemics, conflicts, and climate change. It also focuses on improving management of emergency risks.

Seylan Bank Records Profit After Tax of LKR 6.59 Billion for of 2024

Seylan Bank Records Profit After Tax of LKR 6.59 Billion for of 2024

Seylan Bank has shown strong financial performance in a tough economic climate. The bank’s 2024 report reveals a profit after tax of LKR 6.59 billion. This marks a 46.65% growth compared to 2023.

Seylan Bank Records Profit After Tax of LKR 6.59 Billion for of 2024

Seylan’s success stems from smart strategies and economic resilience. The bank’s profit before tax rose by 47.72% to LKR 10.61 billion. This covers the nine months ending September 30, 2024.

Key indicators show Seylan’s strong financial position. Despite lower net interest income, the bank boosted its net fee-based income by 8.10%. This improvement contributed to overall profitability.

Seylan’s focus on optimizing operations and managing expenses has been crucial. These efforts have played a key role in the bank’s success.

Seylan Bank’s Financial Performance in 2024

Seylan Bank’s financial statements show strong performance in the first nine months of 2024. The bank’s profit before tax reached LKR 10,608 million, growing 47.72% from 2023. Profit after tax increased by 46.65% to LKR 6,593 million.

Net interest income decreased by 10.77% to LKR 27,262 million. This drop was due to lower net interest margins, falling from 5.76% to 5.03%. However, Seylan Bank maintained a healthy financial position through income diversification.

Net Fee-Based Income Growth

Fee-based income grew by 8.10% to LKR 5,829 million. This increase came from cards, remittances, and lending-related services. The growth shows Seylan Bank’s ability to adapt to changing customer needs.

Operating Income and Expenses

Total operating income fell by 8.32% to LKR 34,264 million. This was mainly due to lower net interest margins. Operating expenses rose by 13.20% to LKR 15,674 million.

Personnel expenses increased because of higher staff benefits based on collective agreements.

Impairment Charges and Credit Quality

Seylan Bank’s focus on credit quality and recovery initiatives paid off. Impairment charges dropped by 69.14% to LKR 4,150 million. This decrease shows the bank’s careful approach to risk management.

The bank maintained a healthy loan portfolio despite challenging economic conditions.

Key Financial Ratios and Indicators

Seylan Bank showed strong financial results in the first nine months of 2024. The bank focused on smart asset management and kept good liquidity. This approach has set them up for lasting growth and value for stakeholders.

Capital Adequacy and Liquidity Coverage Ratios

Seylan Bank’s capital ratios beat regulatory minimums. The Common Equity Tier 1 and Total Tier 1 Capital Ratio was 12.25%. The Total Capital Ratio hit 17.05%.

These numbers show the bank can handle potential losses well. The All Currency Liquidity Coverage Ratio was 442.64%. The Rupee Liquidity Coverage Ratio reached 509.82%.

Asset Quality and Impairment Ratios

The bank’s asset quality got better. The Impaired Loan Ratio dropped to 3.05% from 3.85% in 2023. This shows Seylan Bank manages credit risk well.

The Impairment to Stage 3 Loans Ratio was 72.85%. This means they have good coverage for non-performing loans.

Return on Equity and Return on Average Assets

Seylan Bank’s profit metrics grew. Return on Equity rose to 13.87%. Return on Average Assets hit 1.96%. These numbers show the bank makes good returns for shareholders.

Earnings per Share and Net Assets Value per Share

Earnings per Share grew to LKR 10.37 by September 30, 2024. This shows strong earnings growth. Net Assets Value per Share was LKR 104.22.

Seylan Bank’s focus on good governance and social duty makes it a great long-term investment. Their strong finances back this up.

Seylan Bank’s Commitment to Social Responsibility

Seylan Bank shows strong dedication to social responsibility and community engagement. Their focus on education shines through the “Seylan Pahasara Libraries” initiative across Sri Lanka. In the first nine months of 2024, they opened 29 new libraries, bringing the total to 254.

These libraries empower young minds and encourage a love for learning. They serve as community hubs where children can explore books and engage in educational activities. This initiative benefits individual children and contributes to community development.

Seylan Bank’s social responsibility goes beyond education. They participate in programs for health, environment, and social welfare. By working with local organizations, the bank creates positive change for those in need.

As Seylan Bank grows, it remains committed to social responsibility. They recognize their success is tied to community well-being. Through various initiatives, the bank aims to create a lasting positive impact on society.

Three Arrested Over Alleged Plot Targeting Israeli Tourists

Three Arrested Over Alleged Plot Targeting Israeli Tourists

Sri Lankan authorities recently caught suspects tied to a plot. This plot threatened the safety of Israeli tourists. It was uncovered in intelligence reports that there was a plan to target Israeli-driven spots. Especially in Arugam Bay, a favorite among Israeli visitors affected by the Maldives’ ban in support of Gaza.

Three Arrested Over Alleged Plot Targeting Israeli Tourists

Right now, there are about 575 Israeli tourists in Sri Lanka. Sri Lankan officials have stepped up safety measures drastically. They have increased police and military around key sites. This move shows Sri Lanka’s strong commitment to keeping visitors safe. It’s important for their tourism, which is vital to the economy.

The governments of Israel and the USA have issued travel warnings. They point out higher risks in particular places in Sri Lanka. They’ve set up a special hotline for Israeli tourists needing urgent help. This shows fast action and teamwork by the government to protect visitors. This effort supports Sri Lanka’s growing tourism industry. It might even surpass the Maldives as a top spot, says OMP Sri Lanka.

The recent arrests show Sri Lanka’s dedication to national security. This comes after the tragedy of 2019, when 269 people died in a horrific attack. Sri Lanka’s police are determined to avoid a repeat of that sad history. Their efforts, along with the Commonwealth Union Ltd. and the Appé Lanka Foundation, are helping community growth and healing. It’s all part of Sri Lanka’s bigger plan for progress, as shared by OMP Sri Lanka.

Unveiling the Arrests and Security Response

After getting tips about a terrorist plot against Israeli tourists in Sri Lanka, the authorities acted fast. They caught three suspects. This fast action was to stop a possible plot linked to conflicts in the Middle East. Officials said these suspects apprehended had links abroad, including with groups in Iraq. This showed the global nature of the threat.

Law enforcement operation

The Sri Lankan government upped its security, focusing on places tourists like to go. Right after catching the suspects, they boosted safety. They set up a hotline for people to report anything odd. This helped keep everyone safer.

They also worked more with other countries’ spies to check on the suspects. This careful watch shows they’re serious about stopping revenge attacks. These could be because of what Israel does in the area.

Keeping people safe and peaceful is very important. After stopping this terrorist plot, Sri Lanka kept its strong security. This shows Sri Lanka’s strong stand against terrorism. They want to keep the country safe from outside dangers.

It’s important to see how these actions affect the world. It affects not just Sri Lanka, but also how countries work together and stay stable. To see more about how Sri Lanka balances safety and culture, look at this article about traditional handicrafts in Sri. It shows how they keep their culture alive while staying safe.

Event Details
Initial intelligence report Indicated a potential terrorist threat targeting Israeli tourists in Sri Lanka
Suspects’ ties Linked to international groups, notably in Iraq
Security measures implemented Security heightened in tourist regions, emergency hotline established
Objective Preempt reprisals tied to geopolitical tensions, maintain regional stability

Sri Lanka stays vigilant and keeps its security tough to prevent threats. As things change, they keep checking and updating safety. This protects everyone in the region, including visitors from other countries.

Understanding the Broader Impact of the Arrests

The recent capture of suspects threatening Israeli tourists in Arugam Bay has affected many areas. Sri Lankan police worked with global teams, highlighting the need for quick action and intelligence to keep peace and protect tourism, including places like the Jewish community center and Chabad House. These events are part of bigger, world-wide concerns over terror-linked actions.

In Europe, extremist attacks have big impacts. The attack on Moscow’s Crocus concert hall was very harmful. Now, as Europe faces events like the Paris Olympics, it reacts by increasing security efforts, learning from past events. We’re reminded how critical safe international relations are, as seen in Sri Lanka and Pakistan’s efforts to boost air travel for tourism and growth.

Sri Lanka is also focusing on education as a path to stability, with a huge budget for 2024. By spending Rs. 465 billion, they aim to improve their educational structure. This move shows Sri Lanka’s commitment against extremism and for economic strength. Through promoting education for all, Sri Lanka is fighting threats and pushing for progress. Education helps build a society that can stand against outside dangers effectively.