International trade data are the foundational basis when formulating trade policies and assessing their impacts. Trade data is vital for firms engaging in international trade to make sound business decisions. Unfortunately, when compared to regional and international best practice, Sri Lanka is failing to use trade data effectively for the benefit of the country.
Sri Lankan youth due to an extended period of unemployment face a lower possibility in future employment and a reduced earning capacity. As a solution, this paper aims to identify an efficient search method. Emphasis is placed on social contacts, given its popularity as a search method. Social contacts prove inefficient- leading to a 10.0% reduction in unemployment duration with a wage discount of 7.1%. Also, social contacts create a form of stickiness that increases dependency on social contacts and a reluctance to choose other, more efficient search methods in the future. The popularity, inefficiency and stickiness of social contacts are speculated as the probable cause for a large pool of youth to be unemployed over an extended period. As an alternative to social contacts, internet job search proves to be a more efficient search method reducing unemployment duration by 21.6% with a wage premium of 14.3%.
Government budget decisions – what taxes to levy, what services to provide, and how much debt to take on – affect how equal a society is and the well being of its people, including whether the most disadvantaged will have real opportunities for a better life. It is critical that governments inform and engage the public on these vital decisions that impact their lives.
Verité Research conducted a forum on ” Improving National Budget Practices: Solutions for a Professional Government” on the 27th of February 2020 at Hilton Colombo. At this forum Verité Research discussed how the government can improve its budget process through better formulation, implementation and controls which will lead to effective and efficient management of public finance.
This is Verité Research’s latest study on the Sri Lankan government’s commitments on reconciliation and accountability. The 43rd UNHRC Session began in February 2020, and Sri Lanka’s progress in implementing Resolution 30/1 was taken up on 27 February 2020.
At the end of 2018, the EPF resolved to re-enter the stock market despite substantial losses and allegations of mismanagement on EPF’s equity investments in the past. The EPF provides two reasons for the decision: (i) that members will benefit from higher returns; (ii) that the increase in EPF loanable funds will soon outstrip government requirements for additional borrowing. This Insight proves that both these reasons are analytically flawed.
The Civil Society Organization Sustainability Index (CSOSI) assesses the sustainability of the CSO sector across several countries in different regions around the world. Since its inception in 1997, it has expanded from covering 18 countries in the Europe and Eurasia Region, to covering a total of 72 countries in 2018, in regions including the Middle East, sub-Saharan Africa and Asia.