The Sustainable Development Council, alongside the Ceylon Chamber of Commerce, SLBA, SLYCAN Trust, USAID, and other partners, is shaping Sri Lanka's Sustainable Finance landscape

Over the past few weeks, the Sustainable Development Council (SDC) has continued to collaborate with its partners, the Ceylon Chamber of Commerce and the Sri Lanka Banks’ Association, as part of its commitment to supporting sustainable finance infrastructure in Sri Lanka. The collaborating partners have met regularly to finalise the legal and governance structure of the Country Finance Platform for Sustainable Development, as well as discuss best practices from other countries and how these can be tailored to Sri Lanka.

Last week, the collaborating partners met at the Union Bank Sri Lanka to further develop the objectives, structure and framework for blended financing. This also included support from the SLYCAN Trust as a technical assistance partner, which reinforces the commitment to blended financing from many partners across a diverse range of sectors. 

Furthermore, this week, partners convened at SDC to meet with representatives from the U.S. Embassy and the USAID Energy Program in Sri Lanka. The discussion provided an opportunity for the collaborating partners to outline their priority areas for the blended financing facility, as well as receive feedback and engage in an in-depth discussion around key sectors for private sector finance, and how development partners can create a positive investment climate to attract capital.

SDC and its partners will continue to develop this framework in pursuit of sustainable financing that generates positive environmental, social and economic outcomes for Sri Lanka.