Serendipity Knowledge Program (SKOP) is an ADB platform dedicated to identifying knowledge solutions for Sri Lanka’s development challenges. Serendib is one of Sri Lanka’s ancient names and serendipity refers to a fortunate finding, which is a common occurrence throughout the history of product invention and scientific discovery. ADB established this new knowledge program in 2021 in line with its vision as a knowledge solutions bank. State-owned enterprises (SOEs) have played an important role in the economic development of countries in Asia and the Pacific. SOEs have also played an important role in Sri Lanka’s socio-economic development over the last several decades. After the economic crisis in 2022, Sri Lanka has embarked on deep economic reforms, including an ambitious SOE reform. This SKOP event will discuss opportunities and challenges for SOE reform in Sri Lanka. It brings together world-renowned experts on SOE reform who will share global lessons on navigating SOE reforms, establishment of SOE holding company, etc. It will also focus on the government of Sri Lanka’s approach to SOE reform, including policy-based assistance from International Financial Institutions, in the context of the current crisis.