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CFA Society Sri Lanka to raise awareness on public-private partnership potential

By: Staff Writer

June 17, Colombo (LNW): The eagerly anticipated 11th annual CFA Society Sri Lanka Capital Market Awards is scheduled to be held on Tuesday, 18 June 2024, at the Oak Room, Cinnamon Grand, and Colombo.

The CFA Society Sri Lanka Capital Market Awards has been a flagship event in the CFA Society Sri Lanka calendar since its inception in 2012 and is among the most sought-after accolades recognising and rewarding excellence in the local capital markets.

This year’s event will be held under the theme of “The Power of Public-Private Partnerships”, focusing on the current status of public-private partnerships (PPPs) in Sri Lanka and their future potential.

It is also set to include a panel discussion in the form of a knowledge-sharing session on how PPPs can help Sri Lanka as the country emerges from an economic crisis, while raising awareness on how CFA Charterholders’ skills are crucial to executing PPPs successfully.

The discussion will focus on key topics including the rationale for PPPs and the context in which they are beneficial to an economy, and the importance of project identification and preparation in ensuring the success of a PPP.

Furthermore, it will encompass where Sri Lanka stands at the moment in terms of regulations and legislature to facilitate PPP projects and the improvements that are needed, as well as the key success factors in executing PPPs in Sri Lanka, and how project structuring has been critical in attracting the private sector.

Sri Lanka’s initial PPP framework was formulated during the early 1990s, however, PPPs were not fully utilised to fund the projects as expected.

To support the development of robust and sustainable PPPs, and meet the International Monetary Fund (IMF) requirements of improved governance and transparency, the national budget presented to the Parliament in August 2022 proposed the re-establishment of the National Agency for Public Private Partnership (NAPPP) to identify and facilitate PPP investments, alongside the establishment of the State-Owned Enterprise Restructuring Unit (SERU) to facilitate the restructuring of Government-owned business entities.

The knowledge-sharing session at this year’s CFA Society Sri Lanka Capital Market Awards is set to feature a panel of leading industry figures – namely, President’s Counsel and Nithya Partners Partner Chanaka de Silva, Deloitte India Partner Kushal Kumar Singh and TWCorp [TWC] Chairman/CEO Thilan Wijesinghe with USAID Sri Lanka Energy Program Transaction Advisor and Competitive Procurement Specialist CFA Dhinali Peiris acting as the moderator.

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