ISSUE 5: 16 October 2024 – VERITÉ RESEARCH DEBT UPDATE

by |17 October 202417 October 2024

This edition provides a comprehensive analysis of Sri Lanka’s September 2024 debt restructuring agreement, including insights into the Macro-Linked and Governance-Linked Bonds. The report also explores the implications of the expected debt relief, projected to be lower than the baseline...

Benefits of Adopting Measures to Facilitate Trade: A Case Study on Forest Permits for Exporting Horticultural Products

by |16 October 202416 October 2024

Governments often mandate that traders secure permits before importing or exporting certain products to fulfill objectives such as protecting endangered species, endemic flora, and ensuring consumer safety. The time, cost, and unpredictability associated with obtaining these permits impact the competitiveness...

Forensic Audit of Central Bank (2019): Assessment of losses to the EPF

by |02 October 202402 October 2024

This note examines the bond and equity market forensic audit reports to ascertain the scale of the EPF’s losses in the past. It also highlights a significant underestimation of the actual losses, as the forensic audit omitted the period after...

Sri Lanka: Resolution 30/1 Implementation Monitor — August 2024

by |27 September 202430 September 2024

This is Verité Research’s latest study on the Sri Lankan government’s progress in fulfilling the commitments on reconciliation and accountability in UNHRC Resolution 30/1. At the 51st session of the United Nations Human Rights Council (UNHRC) in September and October...

A rapid assessment on extending social security to domestic workers

by |19 September 202419 September 2024

This report, commissioned by the International Labour Organization assesses the challenges in extending social security benefits to domestic workers in Sri Lanka. It highlights legal gaps, socio-cultural barriers, and practical issues with implementing key schemes like the Employees' Provident Fund...

13% primary expenditure rule proposed for Sri Lanka departs from economic theory and practice

by |24 July 202424 July 2024

The 13% primary expenditure rule proposed in a new public finance bill is at odds with established economic theory. It will undermine “good” public spending that enhances growth, eﬀiciency, and social welfare. It will also make Sri Lanka a global...

Looking Beyond the Economic Transformation Bill

by |23 July 202423 July 2024

This note proposes three steps Sri Lanka could take to construct and manage high quality Investment Zones, drawing from regional and global best practices. First, is enacting a separate, overarching legislation to govern Zones. Second, is enhancing the quality of...

Fading Beliefs: Addressing the Lacunae in the Right to Religious Worship in Sri Lanka

by |01 July 202401 July 2024

This report delves into the intricate landscape of Freedom of Religion or Belief (FoRB) in Sri Lanka, particularly focusing on the challenges surrounding the establishment and maintenance of places of worship. It sheds light on discriminatory practices, including registration requirements...

A Novel Governance – Linked Bond: As a Pareto Improving Instrument for Debt Restructuring

by |06 June 202417 June 2024

This working paper outlines the technical and incentive dynamics for a proposed new sovereign debt instrument designed for countries with high country risk premiums, where this risk is, ceteris paribus, correlated with the quality of present and future governance. We...

Trend Analysis of Violence Against Christians in Sri Lanka: November 2022 – October 2023

by |31 May 202431 May 2024

Ethno-religious violence against minority groups in Sri Lanka is a long-entrenched phenomenon that has persisted, irrespective of changes in the political landscape of the country. This study examines critical trends in religiously motivated violence against Christians between November 2022 and...

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