Econ
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This collection contains all research outputs of Econ Team i.e. Articles; Policy Notes; Public Seminars; Research Reports.
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Articles [27]
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Infographics [129]
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Public Seminars [8]
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Research Reports [73]
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Sri Lanka’s IMF Programme Was Supposed To Succeed by Improving Governance. Will It?
(2024-06)On June 12, the IMF board will sign off on Sri Lanka’s third disbursement under the current programme. But Sri Lanka is still failing on the governance improvements that are foundational for its economic recovery. According ... -
Public Report on the 2021 Budget - Assessment of the Fiscal, Financial and Economic Assumptions Used in the Budget Estimates
(Colombo: Verité Research, 2020-11)The 2021 budget presented to parliament on 17 November 2020 sets out the government’s proposals for raising public funds through taxation and proposals for expenditure during the year. These proposals form the key components ... -
Public Finance Training for Journalists and Civil Society Organizations - 2023 (Presentation)
(2023)Verité Research conducted a series of public finance training sessions specifically designed for journalists and Civil Society Organizations (CSOs). The objectives of the training were to improve journalists' and CSOs' ... -
Gender-based Budgeting for 2024: More Tokenism or True Commitment?
(Colombo: Daily Mirror, 2023-12-07)With the committee stage debates on Budget 2024 still ongoing, our interest has been piqued by a term that has gained relatively little attention since it was mentioned in the Budget Speech presented on 13 November 2023: ... -
Zoned Out: Export Ambitions Hindered by Land Limitations
(Colombo: Daily Mirror, 2023-10-12)The experiences of East Asian and Southeast Asian countries such as Malaysia, Vietnam and Thailand, show that foreign direct investment (FDI) into export-oriented sectors is critical to accelerate growth in manufactured ... -
The Troubling Lack of Compliance by Public Authorities With RTI Act
(Colombo: Daily Mirror, 2023-09-28)Today (28 September) marks the international day for universal access to information. This year’s theme is ‘the importance of the online space for access to information'. Public access to information is an essential element ... -
Schrodinger’s Banks: The Immediate Need for Policies to Ensure Financial Stability
(Colombo: Daily Mirror, 2023-09-14)Sri Lanka is entering into a new, dangerous phase in its economic recovery. Although macroeconomic stabilisation has made progress, financial stabilisation needs immediate attention. The combination of covid-era loans and ... -
Large Scale Infrastructure, Small Scale Disclosure: Fertile Ground for Corruption
(Colombo: Daily Mirror, 2023-08-31)Large sums of money borrowed for large infrastructure projects is a key contributor to Sri Lanka’s Mountain of foreign debt, which the country is struggling to pay back. Lack of transparency, coupled with poor governance ... -
Too Many ‘Known Unknowns’ in Sri Lanka’s IMF Programme
(Colombo: Daily Mirror, 2023-08-17)Sri Lanka’s programme is planned to deliver 71 outcomes by the end of September. Presently, as of the end of July, 35 are “met” and 14 are “unknown”. There are 8 more that are “not met”. That means the ratio of unknowns ... -
Another Export Target Destined to Be Missed?
(Colombo: Daily Mirror, 2023-08-03)In a recent statement, Sri Lanka's Export Development Board (EDB) announced plans to secure USD 31.3 billion revenue from total exports (both goods and services) by 2027. The EDB expects to double goods export revenue from ... -
The Best Next Step for Improving Tax Collection
(Colombo: Daily Mirror, 2023-07-21)In 2021, the country’s tax revenue as a share of gross domestic product (GDP)reached its lowest level since 1959 – dropping to just 8%. Increasing tax-to-GDP ratio is one of the most important measures of Sri Lanka’s ability ... -
Calculating the Loss to the EPF From Proposed DDR
(Colombo: Daily Mirror, 2023-07-12)Justice and good decision-making flows in part, from the discipline of public reasoning. The belief in democracy is anchored in the hope of harnessing the power of reasoned decision making that is openly and dialogically ... -
Let’s Shield the EPF With the Instincts of Winston Churchill
(Colombo: Daily Mirror, 2023-07-06)The private sector workers of Sri Lanka are required by law to transfer 23% of their incomes to the Employees’ Provident Fund (EPF) and the Employees’ Trust Fund (ETF) every month, towards their retirement savings. The EPF ... -
Why Does Sri Lanka Claim it Has Less Capacity Than Least Developed Countries for Trade Facilitation?
(Colombo: Daily Mirror, 2023-06-22)Higher costs and time resulting from opaque, complex, time consuming, manual export and and import procedures discourage businesses from engaging in international trade and undermine their international competitiveness. ... -
Restructuring Domestic Debt Must Be Credible, Fast, Comprehensive
(Colombo: Daily Mirror, 2023-06-08)With the possibility of restructuring domestic debt increasing, there are concerns about the impact of such a restructuring on the financial markets. A limited restructuring, in which only government debt held by the Central ... -
30% of IMF Programme Commitments Due in April Not Met
(2024-05-16)By the end of April 2024, Sri Lanka has not met 30% of its due commitments, which translates to a total of 19 unfulfilled obligations. The majority of these unmet commitments pertain to enhancing transparency and enacting ... -
The Need for Governance-Linked State-Contingent IMF Programmes: A Third Way for Sri Lanka
(Colombo: DailyFT, Colombo: Daily Mirror, Online: International Banker, 2023-04-27)The recent sovereign default of Sri Lanka has once again brought attention to the effectiveness of the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) approach. This programmes provides loans of short ... -
Why Tracking the IMF Programme Implementation is of Public Interest
(Colombo: Daily Mirror, 2023-05-25)As Sri Lanka enters its 17th International Monetary Fund (IMF) programme, a critical question remains. Will the country break from the past patterns of inconsistency and failure in following the plan it lays out with the ... -
ETCA With India: Time to Shift Focus From Market Integration to Supply Chain Integration
(Colombo: Daily Mirror, 2023-04-27)This article looks at; 1) what are global supply chains and why do they matter; 2) how new trade deals are focusing more on supply chain resilience than market access; 3) how current trade deals with India are focused on ... -
Public Report on the 2021 Budget: Assessment on Whether the Expenditure Allocations and Taxation Policies are in Line with the Governments Policy
(Colombo: Verité Research, 2021-03)This report will assist the public and other stakeholders in understanding the adequacy, credibility and prioritisation of the government’s expenditure allocations and taxation policies and the extent to which these are ...