BOC said as favourable conditions emerge, the Sri Lankan economy is expected to achieve moderate growth in 2024, signalling a pathway towards economic stabilisation after setbacks experienced in previous years.

Bank of Ceylon Chairman Kavan Ratnayaka said, “Youth possess a natural ability to embrace emerging technologies and trends, often leading to the generation of innovative solutions that might not be amply materialised in the industry.

Their active engagement in the industries is essential for fostering innovation, creativity and overall industry performance. Insufficient funding stands as a primary cause behind the underperforming of youth-led businesses.