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UN Group Pitches Basic Income Proposal to Sri Lanka – FT

The UNDP suggested a temporary basic income, in the form of an unconditional cash transfer to working-age Sri Lankans for six to nine months


Sri Lanka protest
Rampant inflation and shortages of imported food, fuel and medicines has led to weeks of sporadically violent protests. File photo: AFP.

 

The United Nations Development Programme (UNDP) has asked Sri Lanka to introduce a temporary basic income and tie its debt reduction to environmental conservation as part of measures to alleviate economic turmoil, the Financial Times reported.

The UNDP suggested a temporary basic income, in the form of an unconditional cash transfer to working-age Sri Lankans for six to nine months. Similar programmes have been implemented in Kenya and the US state of Alaska.

Read the full report: Financial Times

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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