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CBSL more Optimistic than the IMF
No full textThis infographic was posted on the Public Finance Platform in English.According to the Annual Report of the Central Bank of Sri Lanka (CBSL) published for the financial year 2022, projected real Gross Domestic Product (GDP) growth was higher than the International Monetary Fund's (IMF) projection. Over the estimated period between 2023 and 2027, the CBSL projects a 1.9% higher real GDP growth rate than the IMF
Online Proactive Disclosure under the RTI Act in Sri Lanka: Ranking Public Authorities
No full text96p.Verité Research developed the methodology for this assessment in 2017 with the support of the World Bank and assessed the compliance of 55 public authorities with their online proactive disclosure requirements under the RTI Act. The same methodology was adopted in relation to the 29 cabinet ministries and the Offices of the President and Prime Minister as of July 2022, for the period 01 December 2022 to 31 December 2022.
The methodology for the study was based on international good practice and on the legal requirements for proactive disclosure set out under sections 8 and 9 of the RTI Act, and Regulation No. 20 under the Act. Sections 8 and 9 of the RTI Act are applicable only to ministries (thereby excluding the Offices of the President and the Prime Minister). Regulation No. 20 is applicable to ‘all public authorities’, including ministries and the Offices of the President and Prime Minister
පාස්කු ප්රහාරය පිළිබඳව බ්රිතාන්යයේ චැනල් 4 නාලිකාවේ හෙළිදරව්ව
No full textThis entry has one write-up and one infographic (both in Sinhala).Britain's Channel 4 released a documentary alleging that they had more information about the Easter Sunday attacks that took place in 2019. On 04 September 2023, this was how the local TV channels covered the news, prior to the documentary being released.
ITN framed their headlines to indicate that Channel 4 was attempting to carry out a political conspiracy. Ada Derana highlighted a fear that the Channel 4 documentary was going to contain information that might be controversial, and questioned whether this was being done for political gain. Siyatha, Sirasa and Hiru framed their headlines to indicate that the Channel 4 documentary was expected to contain very controversial content. However, Rupavahini and Swarnawahini did not report this
Domestic Debt Restructuring - Voting Breakdown
No full textThis infographic is available in English and Sinhala.On July 1, 2023, the parliament voted on a resolution for the implementation of the domestic debt restructuring (DDR) to restore sovereign debt sustainability. The following compilation of infographics reflects the list of MPs that voted in favour, against and MPs who were absent during the vote. 122 votes were cast in favour of the resolution, while 62 votes were cast against it and 40 MPs were absent
ඔබ තෝරාගන්නා වාර්තාකරණය කුමක්ද?
No full textThis entry includes a write-up and an infographic (both in Sinhala).On 10 August 2023, Sinhala newspapers reported the murder of a former police officer who was tied to a tree and beaten to death. Aruna used insensitive and sensationalised language in its headline to describe the incident. In contrast, Mawbima, Dinamina, and Lankadeepa reported the event neutrally, without sensationalising or disrespecting the murder victim. The post juxtaposes all the headlines, inviting readers to assess which reporting approach they find most appropriate
Verité Research Debt Update - March 2023
No full text5p. The Verité Research Debt Update provides a regular update for investors, policy makers and analysts, on the latest developments in this space together with commentary and analysis on Sri Lanka’s path to resolving its economic crisis since suspending debt repayment in April 2022. Contributions were made to this issue by Anushan Kapilan, Raj Prabu Rajakulendran and Navya Wijewickrema.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 for an Extended Fund Facility (EFF) with the IMF on 20th March 2023, exactly 200 days after reaching staff level agreement; 2) The EFF will provide 2.9 billion USD in foreign currency reserves support for a period of about four years. It is not budget support; so, it cannot be used for government expenditure, as often assumed in media reporting; 3) Despite suspending international debt repayment, Sri Lanka’s total debt continues to increase as payments that are due, accrue as arrears and local currency debt to finance government expenditure increases; 4) By December of 2022, the total outstanding public debt had increased to USD 84 billion (128% of GDP), an increase from USD 80 billion (121% of GDP) as of June 2022; and 5) Sri Lanka suffered severe currency volatility with a sudden depreciation in March 2022, and the currency volatility was adversely impacted by the sudden appreciation of the currency in March 2023
20230815_FC_P0082_HarshaDeSilva_NegativeRealReturns
No full textThis submission includes English, Sinhala, and Tamil versions of the fact check.TRUE: […] In the [EPF] Act itself it specifies 2.5% return. […] at the time inflation was at around 1 percent, if you look at 5 years prior to 1958, the average would have been 1 percent. […] Over the years, some years have been positive, and some returns have been negative in terms of real returns. Last year the EPF return on a real basis was -47%. […]
Harsha de Silva, Newsline, 22 May 202
Political Career of Ali Zahir Moulana
No full textThis infographic is available in English and Sinhala.These infographics gives personal details (such as date of birth, educational qualifications, profession, family connections to politics) of Ali Zahir Moulana and details of his political career i.e. start date of political career, district elected, represented parties, positions and ministerial portfolios held. MP Ali Zahir Moulana was appointed to the seat vacated by former MP and Minister of Environment Naseer Ahamed upon his expulsion from the party
Parliamentary report card: G.G. Ponnambalam – August 2020 to April 2023
No full textThis infographic is available in English, Sinhala and Tamil.This report card shows the contribution of MP G.G. Ponnambalam (AITC) in the 9th parliament. It is based on analysis of Hansard data from August 2020 to April 2023. This includes overall rank (62/225), Jaffna district rank (3/7), attendance in parliament sittings (203/256), total number of productive interventions he made in parliament (102) and topics which were discussed most by him in the parliament i.e., Economy and Finance; Governance, Administration and Parliamentary Affairs; Justice, Defense and Public Order
Budget Allocation Criteria Study
Get PDFThis submission consists of 72 pages and is available in English.The Budget Allocation Criteria report aims to enhance the understanding of the criteria that determine the allocation of funds from the national budget to selected sectors and provinces in Sri Lanka. The report provides an overview of the legal framework, the key agencies and channels of funding, the budget allocation process, the budget allocation criteria, and the main challenges faced during the budget allocation process