Tourism Could Not Have Solved Sri Lanka’s Foreign Exchange Crisis

Tourism Could Not Have Solved Sri Lanka’s Foreign Exchange Crisis
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A key debate during Sri Lanka’s economic crisis is whether the current dollar shortage is a short-term liquidity problem or a more protracted and systemic issue that requires debt reduction. This insight responds to the view that the dollar shortage...
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The Lure of Chinese Loans
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China was the leading provider of external finance to Sri Lanka for infrastructure development during 2010-2016 accounting for 37% of the total. Sri Lanka borrowed USD 5,895 million from China for infrastructure development during this period. More than half of...
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electricity
Targeting Assistance: Electricity Consumption is a Superior Method
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As Sri Lanka’s crisis continues, up to 50% or more of the population is likely to need state support, however current targeting through Samurdhi reaches just about a quarter of all households and only 40% of the poorest individuals. As...
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Gender-Responsive Budgeting: Evaluating Key Performance Indicators July 2022
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This report highlights the failure of the Sri Lankan government in implementing gender responsive budgeting in Sri Lanka. The case of gender KPIs provides a detailed case study of how poor planning of government policies can lead to poor accountability...
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Restoring Efficient Tax Collection Methods: Withholding Tax and Pay-As-You-Earn
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This note by the Verité Research Sri Lanka Economic Policy Group estimates the additional revenue that can be collected from reinstating in Sri Lanka two methods of efficient tax collection that were discontinued in 2020. That is: the withholding tax...
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Cigarette Taxation Formula – The Cost of Forgetting
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In 2019 the government introduced a policy where taxes and prices on cigarettes would be based on an indexation formula. Forgetting to implement the policy is costly: it has resulted in a foregone revenue of 85 billion from 2020-2022 and...
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women job
Costs of Doing a Job for Urban Women in Sri Lanka
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This study aims to address the knowledge gap on how 'cost' factors can affect the choice architecture for women entering or exiting the labour force by estimating the monetary and non-monetary costs of doing a job for urban women in...
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Diversity Impact on Vaccine Equity (DIVE) in Sri Lanka: March 2022
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Covid-19 has shed light on ongoing disparities in vaccine access and confidence among different ethnic groups worldwide. Against this backdrop, Verité Media conducted a two-part study on the impact of ethnicity on Covid-19 vaccine confidence, uptake and access among the Sinhala,...
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de-mystifying the increase in sri lanka's debt
De-mystifying the Increase in Sri Lanka’s Debt
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This insight explains and navigates five sources of complications in calculating the increase in debt and the sources of debt increment in Sri Lanka over the years. (more…)
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hill country tamil
Hill Country Tamils: Analysis of Legal and Policy Issues Affecting Labour and Governance Structure
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This report examines the socio-economic background and history of the Hill Country Tamil community (HCT) with a focus on health, education, labour and their primary engagement in the tea plantation industry. Thereafter, the report dives into the three main drivers...
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