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IMF programme’s transparency falls to lowest point in September
The latest update from 'IMF Tracker’ of Verité Research, an online platform which tracks the 100 identified commitments in Sri Lanka’s 17th programme with the International Monetary Fund (IMF), shows that Sri Lanka verifiably met only 40 of the 71 trackable commitments that were due for completion by end-September 2023. It also shows that Sri Lanka had, at the same time, reached its lowest point in terms of both performance and transparency since the programme commenced in March. This is because the status of about 30% of the commitments due to be completed by end of September were unknown, and three of the four commitments due which specifically require the government to enhance transparency were not met. This unveils a "twin deficit in transparency": (a) a growing lack of transparency in the progress of the programme, and (b) a growing failure to meet IMF commitments that call for increased governmental transparency.
Featured Insight
IMF programme’s transparency falls to lowest point in September
The latest update from 'IMF Tracker’ of Verité Research, an online platform which tracks the 100 identified commitments in Sri Lanka’s 17th programme with the International Monetary Fund (IMF), shows that Sri Lanka verifiably met only 40 of the 71 trackable commitments that were due for completion by end-September 2023. It also shows that Sri Lanka had, at the same time, reached its lowest point in terms of both performance and transparency since the programme commenced in March. This is because the status of about 30% of the commitments due to be completed by end of September were unknown, and three of the four commitments due which specifically require the government to enhance transparency were not met. This unveils a "twin deficit in transparency": (a) a growing lack of transparency in the progress of the programme, and (b) a growing failure to meet IMF commitments that call for increased governmental transparency.
Featured Insight
IMF programme’s transparency falls to lowest point in September
The latest update from 'IMF Tracker’ of Verité Research, an online platform which tracks the 100 identified commitments in Sri Lanka’s 17th programme with the International Monetary Fund (IMF), shows that Sri Lanka verifiably met only 40 of the 71 trackable commitments that were due for completion by end-September 2023. It also shows that Sri Lanka had, at the same time, reached its lowest point in terms of both performance and transparency since the programme commenced in March. This is because the status of about 30% of the commitments due to be completed by end of September were unknown, and three of the four commitments due which specifically require the government to enhance transparency were not met. This unveils a "twin deficit in transparency": (a) a growing lack of transparency in the progress of the programme, and (b) a growing failure to meet IMF commitments that call for increased governmental transparency.
Featured Insight
IMF programme’s transparency falls to lowest point in September
The latest update from 'IMF Tracker’ of Verité Research, an online platform which tracks the 100 identified commitments in Sri Lanka’s 17th programme with the International Monetary Fund (IMF), shows that Sri Lanka verifiably met only 40 of the 71 trackable commitments that were due for completion by end-September 2023. It also shows that Sri Lanka had, at the same time, reached its lowest point in terms of both performance and transparency since the programme commenced in March. This is because the status of about 30% of the commitments due to be completed by end of September were unknown, and three of the four commitments due which specifically require the government to enhance transparency were not met. This unveils a "twin deficit in transparency": (a) a growing lack of transparency in the progress of the programme, and (b) a growing failure to meet IMF commitments that call for increased governmental transparency.
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Sri Lanka Railways: Track Record of Losses
The Department of Sri Lanka Railways (SLR) has been running at substantial losses over the past several years. In the last 10 years, between 2010-2020, SLR has accumulated a loss that amounts to LKR 331 Bn, larger t...
2021-09-24
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Sri Lanka Transport Board’s (SLTB) is making a loss in 2020 for the first time since 2016
Annual operating profit of SLTB has declined substantially by 250 % in 2020. SLTB has been operating profitably from 2017 onwards. However, an operating loss of LKR 2,3...
2021-08-09
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2021 Budget allocation for Road Development
The total allocation for Road Development in the 2021 Budget amounted to LKR 375 billion. This consists of LKR 350 billion allocated for the Ministry of Highways and LKR 25 billion allocated to the State Ministry of Rural Ro...
2021-05-28
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Expenditure on the Transport & Communication Sector (2010 – 2019)
2021-05-26
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Has the Government Fulfilled its Policy Promises in the Transport Sector Through the 2021 Budget?
The National Policy Framework: Vistas of Prosperity and Splendour is the government’s official policy document. As such the government is bound to implement the policies mentioned in this policy document. For the majority of t...
2021-04-05
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Who are the Owners / Lessees of ports and terminals in Sri Lanka?
Before 1999, all ports and terminals in the ports used to be 100% owned and managed by the Sri Lanka Ports Authority (SLPA) — a State Owned Enterprise of the Government of Sri Lanka. For the very first time, the SLPA signed a P...
2021-03-26
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Budget 2021: Transport
The 2021 Budget Debate continues, and today the Sri Lankan Parliament discusses the allocations of the Ministry of Transport & Ministry of Highways. Here are all the budget proposals relating to the transportation sector.
2020-12-08
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Have Governments Fulfilled their Transport & Communication-related Budget Promises?
Have consecutive governments stuck to their budget promises? In the past, governments have displayed deviations to their expenditure commitments. Here is a snapshot showing the dev...
2020-08-15
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