Backwards in Blacklisting: Gaps in Sri Lanka’s Procurement Framework Enable Corruption

by |08 January 202418 April 2024

The research brief titled "Backwards in Blacklisting: Gaps in Sri Lanka’s Procurement Framework Enable Corruption" by Verité Research, published in November 2023, critically evaluates Sri Lanka's public procurement system. It highlights two significant gaps: the legal gap, where procurement guidelines...

Sri Lanka falls behind Least Developed Countries in Trade Facilitation

by |21 July 202314 December 2023

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...

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

by |28 September 202230 September 2022

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...

Apparel Exports from Sri Lanka to the EU: A product level analysis of the impact of GSP+

by |25 September 202213 January 2023

Concerns about Sri Lanka losing GSP+ concessions resurfaced with the EU parliament passing a resolution on June 10th, 2021, calling the EU Commission and the European External Action Service (EEAS) to use GSP+ as leverage to push for the repeal...

දුම්වැටි බදු අයකිරීමේ සූත්‍රය අමතක වීමේ පිරිවැය

by |13 September 202213 September 2022

2019 දී රජය විසින් දුම්වැටිවල බදු සහ මිල නියම කිරීම, දර්ශකයකට අනුව සකසන ලද සුත්‍රයක් මත පදනම්ව සිදු කිරීමේ ප්‍රතිපත්තියන් හඳුන්වාදෙනු ලැබිණි. එම ප්‍රතිපත්තිය ක්‍රියාත්මක කිරීමට අමතක වීමේ පිරිවැය ඉහළ ය: 2020 සිට 2023 දක්වා කාලය තුළ රුපියල් බිලියන 85ක...

Cigarette Taxation Formula – The Cost of Forgetting

by |10 June 202220 March 2023

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...

Sri Lanka’s Plunge Into Organic Farming Brings Disaster

by |08 December 202108 December 2021|Verité in the News

Published in The New York Times The economically troubled country banned chemical fertilizers without preparing farmers, prompting a surge in food prices and worries about shortages. RATNAPURA, Sri Lanka — This year’s crop worries M.D. Somadasa. For four decades, he...

Charting a Path for Debt Sustainability in Sri Lanka

by |14 October 202114 October 2021

Since December 2018 Sri Lanka has been subject to three notches down in rating by S&P, Moody’s and Fitch Ratings. This situation is a historical first for Sri Lanka. While many of Sri Lanka’s key macroeconomic indicators have, in the...

Top Panel Sounds Alarm, Insists it’s Time for Urgent Economic Reforms

by |16 September 202117 September 2021|Verité in the News

Published in the DailyFT Sri Lanka facing one of the worst economic crises in its history Pandemic only exacerbated existing economic weaknesses; roots lie in unsustainable debt, fiscal indiscipline and low rates of growth To emerge from crisis, comprehensive and...

ආනයන රෙගුලාසි පැනවීම – Nishan de Mel on Hiru Evening Newscast

by |10 September 202113 September 2021|Interviews & Articles

Executive Director Nishan de Mel speaks to Hiru News on the recently imposed import restrictions and their effect on government revenue, advocating ultimately for sound and critical policy analysis.

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