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Now showing items 1-9 of 9
"Sugar Scam” is Not the Whole Iceberg: “Forestalling” Needs a Rule-of-Law Solution
(Colombo: Daily Mirror, 2023-11-09)
On 14 October 2020, taxes on imported sugar were slashed overnight from LKR 50 to LKR 25 cents per kilogram. That is a reduction of 99.5%. This led to much discussion in media and parliament about the large undue profits ...
For Sri Lanka, a Governance-Linked Bond Might Just Be the Ticket
(Colombo: Daily Mirror, 2023-12-21)
It is a truth universally acknowledged that if Sri Lanka under-performs on its governance corrections, it will underperform on its economic recovery also (with apologies to Jane Austen), the first provides the foundation ...
Is Sri Lanka Addicted to Missing Revenue Targets?
(Colombo: Daily Mirror, 2023-10-30)
It is all too familiar that Sri Lanka has a problem in meeting its budgeted revenue targets. Recently, a government member of parliament (MP) who voted in favour of the budget last year, said that the tax increases that ...
The Debt Digest - March 2023
(Colombo: Daily Mirror, 2023-03-16)
The Debt Digest by Verité Research provides analytical commentary on the latest developments in Sri Lanka’s debt crisis. A key milestone in Sri Lanka’s path to recovery was the staff-level agreement with the IMF in September ...
The Alternatives to Universal Tax Registration in Sri Lanka
(Colombo: Verite Research, 2023-02)
This note argues that the Sri Lankan government’s recent proposal to implement universal tax registration is neither a viable nor effective strategy to increase the country’s tax revenue. Instead, the note proposes four ...
Verite Research Debt Update - February 2023
(Colombo: Verite Research, 2023-02)
This issue provides coverage and analysis on the financial assurance letters issued by China, India, The Paris Club and a group of private bond holders to the IMF on their commitment to support Sri Lanka’s debt restructuring ...
Verité Research Debt Update - May 2023
(Colombo: Verite Research, 2023-05-17)
This issue 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. The key developments identified were; 1) The IMF Debt ...
Verité Research Debt Update - December 2023
(Colombo: Verite Research, 2023-12-01)
This issue provides coverage on Sri Lanka’s debt restructuring and progress on the IMF program. This issue also includes analysis on the 2024 Budget and the need for improved governance for sustainable economic recovery. ...
Verité Research Debt Update - March 2023
(Colombo: Verite Research, 2023-03-17)
This issue provides coverage and analysis on the usability of the IMF financing and the volatility of the exchange rate. These are the key developments identified; 1) Sri Lanka is expected to reach board level agreement ...