Following the profound economic downturn of 2022, Sri Lanka is systematically presenting a revitalized image to the international community. In a significant strategic engagement, Hanif Yusoof, Governor of the Western Province and Presidential Special Envoy for Foreign Investment, appeared live on Singapore’s Channel News Asia (CNA) to articulate the nation’s current economic standing and future trajectory.
The dialogue centered on the evolution of Port City Colombo into a premier economic kynchpin for South Asia.
Official Press Release
Special Envoy Reaffirms Sri Lanka’s Economic Recovery and Port City Colombo’s Investment Credentials on Channel News Asia
Colombo / Singapore – 26 January 2026
Hanif Yusoof, Governor of the Western Province and Presidential Special Envoy for Foreign Investment, spoke live today on Channel News Asia (CNA) from Singapore regarding Sri Lanka’s economic recovery and the role of Port City Colombo as a key driver of growth.
During the interview, the Special Envoy addressed questions on post-crisis stabilization, investor confidence following recent reforms, and the strategic rationale behind Port City Colombo. He emphasized that the project is designed as an export-oriented, services-led economic platform, governed by a clear, rules-based regulatory framework. He highlighted that Port City is a catalyst for high-value sectors, including financial services, IT, digital exports, logistics, and regional headquarters operations.
Analytical Perspective: Real Growth and the Governance Shift
The international media appearance of Hanif Yusoof is more than a promotional exercise; it signals a fundamental Strategic Shift in Sri Lanka’s economic management.
1. Beyond Crisis Management: Sustainable Growth
By 2026, Sri Lanka has demonstrated a commitment to rigorous fiscal discipline under IMF-backed programs. The “institutional reforms” cited by the Envoy are reflected in tangible policy changes: tax stabilization, the implementation of robust anti-corruption legislation, and the restructuring of State-Owned Enterprises (SOEs). These measures are effectively rebuilding the “investor trust” that was fractured during the 2022 crisis.
2. Port City as an Economic Engine
Sri Lanka is pivoting from a traditional export base (tea, rubber, and garments) toward a “Service-Led Export” model. Port City Colombo is the centerpiece of this transition:
- Special Economic Zone (SEZ) Advantage: The unique legal framework within the Port City allows global investors to operate without the typical bureaucratic friction associated with the mainland.
- Strategic Geopolitics: By positioning itself as a hub connecting the East-West maritime routes and tapping into India’s rapid growth, Sri Lanka is transforming its geography into tradable capital.
3. The Trajectory of Governance
Historically, Sri Lanka’s greatest deterrent to foreign investment was “policy inconsistency” following political transitions. The current governance model emphasizes policy continuity beyond political cycles. The increased role of technocrats and the direct coordination of foreign investment through a Special Envoy under the Presidential Secretariat suggests a more streamlined, results-oriented approach to governance.
Conclusion
The CNA interview serves as a definitive “Open for Business” signal to global capital. However, the ultimate success of this revival depends on inclusivity. To ensure this growth translates into prosperity for the general public, the government must ensure that the high-value opportunities generated within the Port City are effectively integrated with local Human Capital.