In last five articles, I covered several key areas of debt market and abuses. This article is to highlight the governance on issuances of International Sovereign Bonds (ISB). Economic Story of ISBs ISBs were introduced in 2007 to expand the outreach of the govt. Debt market to cross-border as the market mechanism was considered to be economically better than privately arranged … [Read more...] about How Sovereign Bond Issuances are Governed
Sri Lanka needs to do away from paper based methods, using to capture FDI figures; instead the country should ... Furthermore, he cited service sector as the new economy, however he said issues relating to the new economy is not ...Source link … [Read more...] about 'Country needs high tech process for FDI data collection'
The diversification of Sri Lankan economy and the greater representation of the diversified companies in the local stock market will help Sri Lanka to better garner more economic benefits, Thilan Wijesinghe, Chairman of National Agency for Public Private Partnership said. Noting that Sri Lankan government doesn’t have any more low hanging fruits to generate economic growth due … [Read more...] about Diversification of Lankan economy, must to garner more economic benefits
“This led to the country's economic downturn,” he said. He said that the ... Enterprise Sri Lanka has provided more facilities to start their own business.Source link … [Read more...] about Political instability for 52 days led to country's economic downturn – Mangala
The government has shifted from a culture of providing handouts to a culture of empowering people through the 2019 Budget to be entrepreneurs contributing to the economy, said Finance Minister Mangala Samaraweera at a post budget discussion hosted by KPMG yesterday in Colombo. The notion that the 2019 Budget would be a populist and election oriented income and expenditure … [Read more...] about Govt moves from hand outs to empower people
The Budget proposal to expand Sri Lankan Government’s IT initiative to facilitate Arts to the Science internship program, where the industry would train 1,000 unemployed youths, mostly arts graduates through internships for one year in IT-BPM, KPO firms, would be a distinctive initiative to reach the government’s ambitious target of creating a more vibrant IT sector. As Sri … [Read more...] about Implementation of Budget proposals, evaluating impact vital
We have been able to steer the economy back to a growth path after the turmoil at the end of the previous year,’ Minister Mangala Samaraweera said, presenting the 2019 Budget to Parliament yesterday. He said the Government believed in a private sector led growth and they would increase allocations on Health and Education. He said the rupee had appreciated by 1.5 percent against … [Read more...] about Govt steered economy back to growth path – Mangala
Sri Lanka needs to implement much needed economic reforms at least for the next five years, particularly to address the issue concerning the debt ...Source link … [Read more...] about 'SL must implement economic reforms immediately'
The World Bank Vice President for South Asia Region, Hartwig Schafer concluded a three-day visit to Sri Lanka. During meetings with the President, Prime Minister, Minister of Finance and the Central Bank Governor, Schafer discussed the Government of Sri Lanka’s reform agenda. Schafer congratulated the Government’s achievements in reforms and moving up to the top 100 rank in the … [Read more...] about WB Vice President content with reform process, ends tour
“There is no business for the government to be in business,” is a formula advocated by many western economic experts. In a way, it makes sense because, Government bureaucracy is not equipped to run state owned enterprises (SOEs) with profit-driven management style. This is known as “principal-agent” argument. According to it, since a SOE is by definition run by a group of … [Read more...] about Have SOEs already become irreformable?