š±š° Strategy for Post-Cyclone Recovery & Resilience Financing š
⢠Cyclone Ditwah inflicted catastrophic damage, with early reconstruction needs estimated at US$ 4ā5 billion, posing a major fiscal challenge amidst ongoing macroeconomic stabilization (IMF EFF progress, easing inflation). ⢠The proposed recovery roadmap prioritizes crucial climate adaptation projects over mitigation efforts. ⢠Key Financing & Credibility Measures: Donor Pledge Conference: Proposed within 30 days, with cross-party inclusion to boost international credibility (citing Pakistan's $9 Bn pledge success). Innovative Financing: Utilise Debt-for-resilience swaps (converting foreign debt to local currency projects) and "Rebuilding Sri Lanka" Diaspora bonds, with returns linked to tea and tourism export revenue. New Revenue Streams: Monetizing carbon credits via large-scale reforestation and a one-off Windfall Tax (2026). ⢠Immediate & Sector Focus: Immediate Relief: Cash-for-clearance programs and 110% CSR tax credits for corporate "zone adoption." Agriculture Recovery: Focus on forward-contract farming auctions, government-backed crop insurance, and micro-level "Adopt-a-paddy" campaigns. ⢠Fiscal & Long-term Resilience: Urge expedited divestment of loss-making SOEs (2026 priority), implement fast-tracked Disaster Public-Private Partnerships (PPPs), and mandate corporate reserves for a National Resilience Fund.