Publications

Showing 10 Publication(s)
Sri Lanka falls behind Least Developed Countries in Trade Facilitation

While there may be numerous factors contributing to Sri Lanka’s sluggish export performance, this background note highlights an important one that puts Sri Lankan exporters at a disadvantage: the failure of the government to facilitate trade by making import and export procedures efficient, less costly, more predictable, and transparent. The comparison is done by using the notifications on progress made by countries under the World Trade Organisation’s Trade Facilitation Agreement (TFA) as a yardstick. The analysis finds that Sri Lanka’s progress falls below not only its competitors and peers but also the least developed countries. Out of the 125 developing and least developed countries, Sri Lanka (ranked 104th) is among the countries that have made the least progress in implementing measures to facilitate trade. Based on the findings, this note provides three lessons Sri Lanka can learn from the experience of others and provides an indicative list of ten measures Sri Lanka can prioritise to implement.

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Foregoing Competition to Secure Funding for Public Infrastructure

In 2010, Sri Lanka established a unique framework, overseen by the Standing Cabinet Appointed Review Committee (SCARC), to handle unsolicited proposals (USPs) for public infrastructure funding. These USPs inherently bypass traditional competitive bidding in procurement. The report, ‘Foregoing Competition to Secure Funding for Public Infrastructure: One-Third of Funding Secured was Non-Concessional’, scrutinizes this framework. It reveals a significant discrepancy between the framework’s intended purpose of improving USP evaluation and the actual outcomes, with a substantial portion of the funding secured through SCARC being non-concessional in nature. The report identifies two vulnerabilities in the existing procurement framework that need urgent attention: the Cabinet’s unchecked power to modify procurement guidelines, and SCARC’s ability to approve projects non-compliant with even the minimum criteria outlined without repercussions.

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ISSUE 3: 17 MAY 2023 – VERITÉ RESEARCH DEBT UPDATE

This edition provides coverage and analysis of the IMF Debt Sustainability Analysis (DSA) and Sri Lanka’s progress on the 100 commitments outlined in the IMF program

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Regulating social media in Sri Lanka: An Analysis of the Legal and Non-Legal Regulatory Frameworks in the Context of Hate Speech and Disinformation

Regulation of social media in Sri Lanka encompasses both a formal and alternative non-legal framework. The study explores the existing legal and non-legal frameworks to regulate the spread of disinformation and hate speech on social media. Thereby, it presents potential implications of the spread of disinformation and hate speech on social media in the specific context of ethno-religious violence in Sri Lanka. 

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Sri Lanka: Resolution 30/1 Implementation Monitor — August 2023

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 2022, Resolution 51/1 was adopted. The Sri Lankan government rejected Resolution 51/1. A written update on Sri Lanka was scheduled at the 54th session on 11 September 2023. This report analyses the government’s progress in fulfilling all 36 commitments made in UNHRC Resolution 30/1 from March 2023 to August 2023.    

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Sri Lanka: Resolution 30/1 Implementation Monitor 2022

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 46th session of the United Nations Human Rights Council (UNHRC), Resolution 46/1 on Sri Lanka was adopted on 23 March 2021. The 49th UNHRC session began on 28 February 2022 and Sri Lanka’s progress in implementing Resolution 46/1 and the preceding Resolution 30/1 was taken up on 4 March and 7 March 2022. This report analyses the government’s progress in fulfilling all 36 commitments made in UNHRC Resolution 30/1 from February 2021 to March 2022.

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Sri Lanka: Resolution 30/1 Implementation Monitor 2021

This is Verité Research’s latest study on the Sri Lanka government’s progress in fulfilling the commitments on reconciliation and accountability in UNHRC Resolution 30/1. At the 43rd session of the United Nations Human Rights Council (UNHRC) in February 2020, Sri Lanka informed of its decision to withdraw from co-sponsoring Resolution 40/1 of 2019, and its preceding Resolutions 34/1 of March 2017, and 30/1 of October 2015. The 46th UNHRC session began in February 2021. The vote on Resolution A/HRC/46/L.1 on Sri Lanka was taken on 23 March 2021. This report analyses the government’s progress in fulfilling all 36 commitments made in UNHRC Resolution 30/1 from February 2020 to February 2021.

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ISSUE 2: 17 March 2023 – VERITÉ RESEARCH DEBT UPDATE

This edition includes coverage and analysis on the usability of the IMF financing and the volatility of the exchange rate.  

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ISSUE 1: 24 FEBRUARY 2023 – VERITÉ RESEARCH DEBT UPDATE

This inaugural edition of our latest publication series known as ‘Verité Research Debt Update. ’Sri Lanka is currently experiencing a financial crisis on an unprecedent scale. In May 2022, Sri Lanka defaulted on its debt servicing obligations for the first time in its history since independence. Against this backdrop, the Verité Research Debt Update provides a regular update for investors, policy makers and analysts, on the latest debt related financial news together with a brief analysis on the latest developments.  This edition includes coverage and analysis on the financial assurance letters issued by China, India and a group of private bond holders.  

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Religious violence against Christians: Disruptions and Distractions

Ethno-religious violence is an enduring feature in Sri Lanka irrespective of the changes to the country’s socio-political and economic landscapes. This study offers insights into key patterns of violence directed against Christians between November 2021 and October 2022.  A total of 75 incidents of anti-Christian violence were recorded during this period.

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