Now showing items 41-60 of 163

    • Ownership of Sri Lanka’s Outstanding Foreign Debt in 2020 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verite Research, 2022-02-15)
      Sri Lanka owes approximately 40% of its total central government debt to foreign creditors in the form of bilateral debt, multilateral debt and financial markets. The infographic shows the distribution of ownership of the ...
    • Sri Lanka’s Short-Term Outflows Exceed Usable Reserves 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verite Research, 2022-02-15)
      Sri Lanka’s gross official reserves have been consistently declining since June 2019 and as of January 2022, usable foreign exchange reserves stand at USD 792 Mn, while the twelve-month outflows at end of 2021 stand at USD ...
    • Sri Lanka’s Imports Were 4% Higher in 2021 When Compared to 2019 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verite Research, 2022-03-03)
      Sri Lanka’s Imports have grown by 4%, (USD 700 Million) from 2019 to 2021. One of the main contributors for this growth is the increase in the Medical and Pharmaceuticals imports by 60% which amounts to USD 330 Million. ...
    • Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves? 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verite Research, 2022-03-10)
      Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have ...
    • Shrinking Tax Base Increases Tax Burden on Existing Taxpayers 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verite Research, 2022-03-30)
      The income tax per person is calculated as the total government revenue from income tax (including PAYE) divided by the total registered taxpayers for income tax which includes Individual Tax Payers and Employees paying ...
    • Sri Lanka Has The Highest Inflation Amongst South Asia Peers 

      Econ Team (Colombo: Verite Research, 2022-04-26)
      Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other ...
    • Composition of Sri Lanka's Gross Official Reserves 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verite Research, 2022-04-05)
      The reported gross official reserves as of February 2022 stood at USD 2,311 MN, out of which 98% (USD 2,242 MN) consisted of short-term swaps maturing within 12 months. Whilst the quantity of reserves is important it is ...
    • IMF Programme: Performance Evaluation - February 2024 

      Econ Team (Colombo: Verite Research, 2024-03)
      Sri Lanka verifiably failed to meet 33% of the commitments due by end-February 2024 in its International Monetary Fund (IMF) programme, according to the February update of Verité Research’s ‘IMF Tracker’. Many of these ...
    • Bloomberg Markets Predicts LKR's Possible Depreciation Against USD 

      Econ Team (Colombo: Verite Research, 2023-06-02)
      Bloomberg reported that the Sri Lankan rupee may deteriorate as a result of upcoming debt repayments. In March 2023 Verite Research took the view that greater volatility in exchange rates increases uncertainty and risk for ...
    • The IDC is Advocating for more Accountability from Private Lenders to Ease the Debt Burden of Developing Nations 

      Econ Team (Colombo: Verite Research, 2023-03-15)
      The International Development Committee is advocating for mandatory participation of private creditors in debt relief schemes for impoverished nations. Developing nations have accrued higher debts than before to private ...
    • Sri Lanka Has Set a Global Precedent in Domestic Debt Restructuring 

      Econ Team (Colombo: Verite Research, 2023-08-24)
      This infographic looks at other countries that have also gone through domestic debt restructuring (DDR) since 1998 and the ways they have gone about this. Sri Lanka is the first country to use social security funds while ...
    • IMF Programme Progress 

      Econ Team (Colombo: Verite Research, 2023-05-18)
      The infographic covers three points; 1) the IMF analysis projects a decline in Sri Lankas debt to GDP; 2) effective interests rates to decline; and 3) progress on IMF commitments.
    • Sri Lanka Missed Deadline to Create an Online Fiscal Transparency Platform 

      Econ Team (Colombo: Daily Mirror, 2023-04-28)
      Sri Lanka misses the IMF deadline to create an online platform for fiscal transparency. However, some of the data is slated to be made public by the end of April.
    • China Endorses Sri Lanka Debt Plan 

      Econ Team (Colombo: Verite Research, 2023-03-09)
      China has given its approval to Sri Lanka's plan to restructure its international debt, clearing the path for a loan via the IMF's Extended Fund Facility (EFF).
    • Syndicated Surveys: Mood of the Nation - February 2024 (Round 07) 

      Econ Team (Colombo: Verite Research, 2024-03)
      Approval of government falls to 7% in February, latest Mood of the Nation Survey shows increase in negative outlook. The survey showed that only 9% rated the current economic conditions as either excellent or good, which ...
    • IMF Programme: Performance Evaluation - December 2023 

      Econ Team (2024-01)
      The International Monetary Fund (IMF) has published its evaluation of Sri Lanka’s performance in the first phase or ‘first term’ of the ongoing Extended Fund Facility (EFF) programme, which commenced in March 2023. Verité ...
    • Syndicated Surveys: Taxing EPF Returns (October 2023) 

      Econ Team (2023-11)
      77% of Sri Lankan adults think that the government’s decision to reduce returns on the retirement savings in the Employees’ Provident Fund (EPF), in the pursuit of domestic debt restructuring (DDR), was not necessary and/or ...
    • Syndicated Surveys: Easter Sunday Attacks (October 2023) 

      Econ Team (2023-11)
      More than half the Sri Lankan population – 53% – believes local political forces were involved in the Easter Sunday attacks carried out in 2019, according to a survey commissioned in October by Syndicated Surveys. 53% ...
    • Syndicated Surveys: Online Safety Bill (October 2023) 

      Econ Team (2023-10)
      In a survey commissioned by Verité Research, 56% of those who said they knew about the Online Safety Bill also said it will reduce the freedom of using social media. To the question ‘the government introduced a bill to ...
    • Will the budget's veil of secrecy be lifted in 2024? 

      Econ Team (Colombo: Verite Research, 2023-11-01)
      The lack of transparency on the implementation progress of proposals in budget speeches has increased sharply in 2022 and 2023, according to a systematic evaluation conducted by Verité Research. The government – on ...