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Sri Lanka Aims for AI-Driven Digital Economy Growth

8/20/2025

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Summary

Story summary

In July 2025, Sri Lanka signed a memorandum with AI Singapore to promote AI adoption and capacity building.
The National Digital Economy Strategy targets increasing the digital economy's GDP contribution from 3-5% to 15% within five years, focusing on an "AI-first" approach.
Key challenges include poor digital infrastructure, high energy costs, and a skills gap, with Sri Lanka ranked 85th in AI readiness.
Overcoming these challenges is essential for maximizing AI's potential in various sectors.

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Story summary

In July 2025, Sri Lanka signed a memorandum with AI Singapore to promote AI adoption and capacity building.
The National Digital Economy Strategy targets increasing the digital economy's GDP contribution from 3-5% to 15% within five years, focusing on an "AI-first" approach.
Key challenges include poor digital infrastructure, high energy costs, and a skills gap, with Sri Lanka ranked 85th in AI readiness.
Overcoming these challenges is essential for maximizing AI's potential in various sectors.