Sri Lanka is focusing on digital transformation as a critical strategy to boost its economy and competitiveness, particularly after facing significant challenges in recent years. Analysts emphasize the importance of creating a robust legal and regulatory framework to support the country’s digital development, including secure digital identity systems, data governance, and stakeholder engagement.
Prasad Wijesuriya, general secretary of the Sri Lanka-China Friendship Association, stated that the goal is to strengthen the economy, create high-paying jobs, and offer inclusive public services. One key initiative, “GovPay,” aims to digitize all government payments, reduce cash reliance, and improve service delivery by cutting fraud and inefficiency.
President Anura Kumara Dissanayake recently emphasized the role of technological advancements in enhancing people’s lives by offering more efficient, high-quality, and cost-effective services. However, experts like Sirimal Abeyratne, a professor at the University of Colombo, noted that Sri Lanka’s digital economy is still in its early stages, particularly in sectors like personal information, international trade, and social security.
Despite these challenges, there have been strides in digitalization, including a $15 billion national digital economy target and a comprehensive government strategy. The government is also looking for international support, particularly from neighboring countries and China, which have been key partners in economic development.
Looking ahead, Sri Lanka plans to continue its digital transformation by investing in infrastructure, enhancing digital literacy, and promoting innovation across all sectors, with strong backing from President Dissanayake to leverage digital strategies in both the public and private sectors.
