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ගවේෂණය කරන්න
විදසුන්
ශ්රී ලංකාව: දකුණු ආසියාවේ අනෙක් රටවලට සාපේක්ශව පසුගාමීයෙකි
Sri Lanka the only South Asian nation to not blacklist corrupt contractors: Verité Research New report highlights gaps in guidelines as well as a lack of compliance Sri Lanka has the worst record among South Asian countries in blacklisting corrupt contractors in public procurement, according to a new report by Verité Research. The report shows that Sri Lanka is the only country in South Asia that 1) does not recognise engaging in corrupt and fraudulent activities during procurement as a valid reason for blacklisting 2) has not blacklisted contractors that have defaulted on contractual obligations despite having the provisions to do so. The first issue can be attributed to gaps in the procurement guidelines of 2006, which govern almost all public procurement in Sri Lanka — except in a few instances such as pharmaceutical procurement. The report emphasises the importance of urgently fixing these gaps to combat corruption and restore fiscal governance. The second issue – not blacklisting defaulting contractors – shows a lack of compliance with existing regulations. Sri Lanka has provisions not only to blacklist defaulting contractors, but also to publish their names in a public, online database. However, this database, maintained by the Department of Public Finance, is empty. By contrast, as of July 2023, Nepal had 629 entries on its online database, and Bangladesh had 510. High levels of corruption in procurement and the importance of fixing it have also been highlighted in the civil society governance diagnostic and the International Monetary Fund (IMF) governance diagnostic on Sri Lanka. In fact, one of the key IMF recommendations is to enact a public procurement law in Sri Lanka that reflects international best practices by December 2024. The report by Verité Research, titled “Backwards in Blacklisting: Gaps in Sri Lanka’s Procurement Framework Enable Corruption”, is available on the Verité Research website – https://www.veriteresearch.org/publication/sri-lanka-procurement-corruption-gaps/
විදසුන්
ශ්රී ලංකාව: දකුණු ආසියාවේ අනෙක් රටවලට සාපේක්ශව පසුගාමීයෙකි
Sri Lanka the only South Asian nation to not blacklist corrupt contractors: Verité Research New report highlights gaps in guidelines as well as a lack of compliance Sri Lanka has the worst record among South Asian countries in blacklisting corrupt contractors in public procurement, according to a new report by Verité Research. The report shows that Sri Lanka is the only country in South Asia that 1) does not recognise engaging in corrupt and fraudulent activities during procurement as a valid reason for blacklisting 2) has not blacklisted contractors that have defaulted on contractual obligations despite having the provisions to do so. The first issue can be attributed to gaps in the procurement guidelines of 2006, which govern almost all public procurement in Sri Lanka — except in a few instances such as pharmaceutical procurement. The report emphasises the importance of urgently fixing these gaps to combat corruption and restore fiscal governance. The second issue – not blacklisting defaulting contractors – shows a lack of compliance with existing regulations. Sri Lanka has provisions not only to blacklist defaulting contractors, but also to publish their names in a public, online database. However, this database, maintained by the Department of Public Finance, is empty. By contrast, as of July 2023, Nepal had 629 entries on its online database, and Bangladesh had 510. High levels of corruption in procurement and the importance of fixing it have also been highlighted in the civil society governance diagnostic and the International Monetary Fund (IMF) governance diagnostic on Sri Lanka. In fact, one of the key IMF recommendations is to enact a public procurement law in Sri Lanka that reflects international best practices by December 2024. The report by Verité Research, titled “Backwards in Blacklisting: Gaps in Sri Lanka’s Procurement Framework Enable Corruption”, is available on the Verité Research website – https://www.veriteresearch.org/publication/sri-lanka-procurement-corruption-gaps/
විදසුන්
ශ්රී ලංකාව: දකුණු ආසියාවේ අනෙක් රටවලට සාපේක්ශව පසුගාමීයෙකි
Sri Lanka the only South Asian nation to not blacklist corrupt contractors: Verité Research New report highlights gaps in guidelines as well as a lack of compliance Sri Lanka has the worst record among South Asian countries in blacklisting corrupt contractors in public procurement, according to a new report by Verité Research. The report shows that Sri Lanka is the only country in South Asia that 1) does not recognise engaging in corrupt and fraudulent activities during procurement as a valid reason for blacklisting 2) has not blacklisted contractors that have defaulted on contractual obligations despite having the provisions to do so. The first issue can be attributed to gaps in the procurement guidelines of 2006, which govern almost all public procurement in Sri Lanka — except in a few instances such as pharmaceutical procurement. The report emphasises the importance of urgently fixing these gaps to combat corruption and restore fiscal governance. The second issue – not blacklisting defaulting contractors – shows a lack of compliance with existing regulations. Sri Lanka has provisions not only to blacklist defaulting contractors, but also to publish their names in a public, online database. However, this database, maintained by the Department of Public Finance, is empty. By contrast, as of July 2023, Nepal had 629 entries on its online database, and Bangladesh had 510. High levels of corruption in procurement and the importance of fixing it have also been highlighted in the civil society governance diagnostic and the International Monetary Fund (IMF) governance diagnostic on Sri Lanka. In fact, one of the key IMF recommendations is to enact a public procurement law in Sri Lanka that reflects international best practices by December 2024. The report by Verité Research, titled “Backwards in Blacklisting: Gaps in Sri Lanka’s Procurement Framework Enable Corruption”, is available on the Verité Research website – https://www.veriteresearch.org/publication/sri-lanka-procurement-corruption-gaps/
විදසුන්
ශ්රී ලංකාව: දකුණු ආසියාවේ අනෙක් රටවලට සාපේක්ශව පසුගාමීයෙකි
Sri Lanka the only South Asian nation to not blacklist corrupt contractors: Verité Research New report highlights gaps in guidelines as well as a lack of compliance Sri Lanka has the worst record among South Asian countries in blacklisting corrupt contractors in public procurement, according to a new report by Verité Research. The report shows that Sri Lanka is the only country in South Asia that 1) does not recognise engaging in corrupt and fraudulent activities during procurement as a valid reason for blacklisting 2) has not blacklisted contractors that have defaulted on contractual obligations despite having the provisions to do so. The first issue can be attributed to gaps in the procurement guidelines of 2006, which govern almost all public procurement in Sri Lanka — except in a few instances such as pharmaceutical procurement. The report emphasises the importance of urgently fixing these gaps to combat corruption and restore fiscal governance. The second issue – not blacklisting defaulting contractors – shows a lack of compliance with existing regulations. Sri Lanka has provisions not only to blacklist defaulting contractors, but also to publish their names in a public, online database. However, this database, maintained by the Department of Public Finance, is empty. By contrast, as of July 2023, Nepal had 629 entries on its online database, and Bangladesh had 510. High levels of corruption in procurement and the importance of fixing it have also been highlighted in the civil society governance diagnostic and the International Monetary Fund (IMF) governance diagnostic on Sri Lanka. In fact, one of the key IMF recommendations is to enact a public procurement law in Sri Lanka that reflects international best practices by December 2024. The report by Verité Research, titled “Backwards in Blacklisting: Gaps in Sri Lanka’s Procurement Framework Enable Corruption”, is available on the Verité Research website – https://www.veriteresearch.org/publication/sri-lanka-procurement-corruption-gaps/
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මාතෘකා
Articles
Articles
This section contains articles written on public finance.
Economic Policies in an Election Year: Suggested Priorities
Dr. Sharmini Coorey is a non-resident fellow at Verité Research. She was a former Department Director at the International Monetary Fund (IMF) and currently a member of the Presidential Advisory Group on multilateral engageme...
පීඑෆ් වයර් පුවත්
මූලාශ්රය:
Daily Mirror
Sanctions, incentives crucial for Public Financial...
Sri Lanka's new fiscal management act needs strong enforcement with sanctions and incentives to avoid past failures. Sanctio...
වැඩිදුර කියවන්න
මූලාශ්රය:
Asian Development Bank
Sri Lanka Shows Signs of Recovery but Must Maintai...
The Asian Development Bank's (ADB) recent Asian Development Outlook (ADO) for April 2024 projects a moderate economic recovery for Sri Lanka, with growth rates estimated at 1.9% for 2024 and 2.5% for 2025 after two consecutive years of c...
වැඩිදුර කියවන්න
මූලාශ්රය:
Economy Next
Sri Lanka’s central bank collects US$1.8bn from fx...
Sri Lanka's central bank successfully purchased $113 million from the forex markets in December 2023, culminating in a total of $1.895 billion for the year. This achievement was supported by a deflationary policy stance, initiated with r...
වැඩිදුර කියවන්න
විදසුන් කියවන්න: Articles
Unlocking Sri Lanka’s Credit Markets The...
This article was compiled by Professo...
Recap 2024 - 10 key insights by the Publ...
As 2024 comes to a close, it’s time...
Property Taxes: No Thanks but Many Thank...
This article was compiled by Professo...
Freeing the Balance Sheets of Banks: Sri...
This article was compiled by Professo...
Navigating SOE reforms in an election ye...
This article was compiled by Dr. Mala...
Worry about the total government expendi...
This a...
Proposed 13% primary expenditure rule fo...
On May 22, 2024, the government o...
Economic Policies in an Election Year: S...
Dr. Sharmini Coorey is a non-resident...
Economic Policies in an Election Year: S...
Dr. Sharmini Coorey is a non-resident...
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වීශේෂාංග
2014 සිට ඉදිරියට ශ්රී ලංකාවේ සංචිතවල සංයුතියේ වෙන...
2022 පෙබරවාරි වන විට වාර්තා වුණු දළ නිල සංචිතය ඇ.ඩො මිලියන 2,311 ක් වූ අතර ඉන් 98% ක් (ඇ.ඩො මිලියන 2,242) මාස 12 ක් තුළ කල් පිරෙන කෙටි කාලීන හුවමාරු ගනුදෙනුවලින් සමන්විත විය.
වැඩිදුර කියවන්න
“Sugar Scam” is not the Whole Iceberg: “Forestalli...
This article was compiled by Dr. Nishan de Mel. Dr. Nishan de Mel is the Executive Director of Verité Research and an economist with extensive acade...
වැඩිදුර කියවන්න
Maldives' net international reserves turn negative
For the first time in its history, the Maldives' net international reserves fell below zero at the end of October 2024. This marks a critical point in the country’s external position and raises concerns about the adequacy of foreig...
වැඩිදුර කියවන්න
