BOI Chairman reaffirms SL’s strong investment trajectory during US delegation visit

• High-level US business think tank delegation visits BOI 

A 23-member US delegation comprising senior representatives from leading American think tanks and private sector enterprises paid a courtesy call on Board of Investment (BOI) Chairman Arjuna Herath. 

The delegation included prominent members from the Hudson Institute, American Enterprise Institute and executives representing technology and human capital development sectors.

The high-level meeting, presided over by Herath, brought together senior Sri Lankan government officials and the distinguished US delegation led by Professor Walter Russell Mead of the Hudson Institute. 

Discussions centred on strengthening economic ties, expanding investment opportunities and Sri Lanka’s strategic role in a rapidly evolving geopolitical landscape.

Prof. Mead explained that his delegation comprised business leaders, investors, content developers and policy experts from the US who are keen to understand Sri Lanka’s economic transformation, regional positioning and development priorities. The delegation members engaged in a dynamic discussion on a wide range of topics including the investment climate, technology adoption and real estate development.

Addressing these points, Herath underscored Sri Lanka’s commitment to political stability, transparency and economic reform. 

“We are determined to maintain macroeconomic stability while fostering growth,” Herath stated. 

“Our government is firmly market-oriented, working closely with the International Monetary Fund (IMF) to ensure fiscal discipline, eliminate corruption and promote good governance. Sri Lanka’s economic trajectory is strong, forward-looking and open for business.”

On geopolitical matters, Sri Lankan officials reaffirmed the country’s long-standing non-aligned foreign policy, maintaining constructive relations with all major powers while safeguarding national interests. 

“We remain neutral and independent in our external relations,” the officials noted.

“Our ties with the US are historic and enduring — rooted in shared democratic values and people-to-people connections.”

The BOI emphasised Sri Lanka’s strategic advantages for investors: a highly educated and trainable, English-speaking workforce, a strategic location along major East-West shipping routes and competitive opportunities in high-growth sectors such as logistics, renewable energy, technology, pharmaceuticals, minerals, apparel, tourism and real estate development. 

The officials also outlined several upcoming initiatives, including specialised economic zones for technology, textiles and pharmaceuticals, new digital economy initiatives and expanded opportunities in port logistics and industrial infrastructure, supported by upcoming regulatory reforms to further foster strategic investments.

When asked about Sri Lanka’s message to the US investors, the BOI delivered a clear signal.

“We remain open, transparent and eager to work with US partners. Our focus is on fostering a positive narrative that reflects Sri Lanka’s recovery, resilience and readiness to welcome investment.”

The US delegation emphasised that these discussions are pivotal in shaping the future landscape of various industries and aligning resources and expertise for mutual growth. By leveraging emerging technologies and global best practices, both sides aim to cultivate a thriving environment for sustainable development and enhance competitiveness in international markets.

In closing, Sri Lankan representatives extended their gratitude to the US delegation.

“We extend our deepest thanks to Prof. Mead and the entire delegation for your visit and friendship. Our doors are always open to you. Together, we can build a stronger partnership that supports prosperity for both our nations.”

This visit underscores growing international interest in the country’s economic resurgence. It also reflects investor recognition of the visible progress being achieved in stabilising and reforming the economy, which has been commended by the IMF, World Bank and development partners.