Introduction
Sri Lanka has undergone back to back severe economic catastrophes starting from COVID -19 pandemic extended to the economic mayhem triggered with foreign currency crisis and massive policy issues finally exacerbated with the external shocks emerging from the global war situation. A number of local businesses have been drastically collapsed during the period of economic crisis; especially SMEs and MSMEs have been operationally terminated due to the intolerable cost escalations within the businesses. Sri Lanka cannot expect any economic prosperity without any growth in SMEs and MSMEs which are the backbone of the economy of the country.
Hence, there should be a business friendly ecosystem within the…