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UNDP and Colombo Stock Exchange Forge Partnership to Drive Sustainable Financing in Sri Lanka

The United Nations Development Programme (UNDP) in Sri Lanka and the Colombo Stock Exchange (CSE) have formalized their collaboration through the signing of a Memorandum of Understanding (MoU). The primary aim of this partnership is to harness Sri Lanka’s capital markets for sustainable financing initiatives. By doing so, the initiative seeks to promote private sector stewardship and integrate sustainability into the core business strategies of enterprises in Sri Lanka.

The partnership specifically targets the active involvement of the private sector in aligning their operations with the Sustainable Development Goals (SDGs). This entails integrating SDGs into their business models and practices. Moreover, the collaboration emphasizes the importance of ensuring that business decisions yield net positive impacts on the SDGs, with mechanisms in place for measuring and validating these contributions.

The MoU was signed by Mr. Dilshan Wirasekara, Chairman of the Colombo Stock Exchange, and Ms. Azusa Kubota, Resident Representative of UNDP in Sri Lanka. The signing ceremony was attended by key representatives including Mr. Rajeeva Bandaranaike, CEO of CSE, Ms. Punyamali Saparamadu, Senior Vice President – Commercial, Ms. Yasuri Tennakoon, Junior Analyst – Commercial, and Ms. Devni Galabada, Junior Legal Officer – Legal and Enforcement. Additionally, representatives from UNDP in Sri Lanka including Ms. Dulani Sirisena, Policy Specialist and Team Leader of the Sustainable Growth Team, and Ms. Hakshala David, Economist-Innovative Financing Associate, were present to mark the occasion.

Image Caption: (L-R) Ms. Hakshala David, Ms. Dulani Sirisena, Ms. Azusa Kubota, Mr. Dilshan Wirasekara, Mr. Rajeeva Bandaranaike, Ms. Punyamali Saparamadu, Ms. Yasuri Tennakoon and Ms. Devni Galabada.

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