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The Sri Lankan government working in conjunction with multi-national institutions have seen a major change in timber harvesting in Sri Lanka for the cause of sustainable development. Commercial plantations have gradually been brought under management system in Sri Lanka to produce wood in an economically efficient and sustainable way.
The Three-North Shelter Forest Program (or "Green Great Wall") is a Chinese government tree-planting project begun in 1978 and set to continue through 2050. The goal of the program is to reverse desertification by planting aspen and other fast-growing trees on some 36.5 million hectares across some 551 counties in 12 provinces of northern China.
Sri Lanka issued its first international sovereign bond in 2007, with high interest rates to incentivise investors. According to commentators, the money was used to fund vanity projects rather than projects of national utility. [40] Sri Lanka's foreign debt increased substantially, going from US$11.3 billion in 2005 to $56.3 billion in 2020. [41]
Location of Sri Lanka. Environmental issues in Sri Lanka include large-scale logging of forests and degradation of mangroves, coral reefs and soil. Air pollution and water pollution are challenges for Sri Lanka since both cause negative health impacts. Overfishing and insufficient waste management, especially in rural areas, leads to ...
Meanwhile, the Chinese yuan — which many think is the biggest threat to the dollar — accounted for just 2.37% of reserves in the same period, with a high proportion of that being held by ...
NASA satellite view of Sri Lanka revealing sparser areas of forest to the north and east of the island Deforestation is one of the most serious environmental issues in Sri Lanka. Sri Lanka's current forest cover as of 2017 was 29.7%. [37] In the 1920s, the island had a 49 percent forest cover but by 2005 this had fallen by approximately 26 ...
Climate change is an important issue in Sri Lanka, and its effects threaten to impact both human and natural systems. Roughly 50 percent of its 22 million citizens live in low-lying coastal areas in the west, south, and south-west of the island, and are at risk of future sea level rise . [ 1 ]
Although desertification has been curbed in some areas, it is still expanding at a rate of more than 67 km 2 every year. 90% of China's desertification occurs in the west of the country. [28] Approximately 30% of China's surface area is desert. China's rapid industrialization could cause this area to drastically increase.