According to Transparency International's 2021 Corruption Perception Index, Sri Lanka has scored a 37 on a scale from 0 ("highly corrupt") to 100 ("highly clean"). This is an indicator to understand the level of corruption in Sri Lanka.
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In the case of the Hambantota International Port, for example, any DAC member country or any multilateral lending agency would have taken due diligence by way of carrying out a technical feasibility study as well as a financial viability study before committing to fund this major infrastructure project
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This OTI short video outlines the key themes discussed in the recently published OTI report “Quest for Freedom and Stability in the Indian Ocean”. The report contains an outline of the key interests of major powers in the Indian Ocean Region, namely China, India, and the USA, and what scope there is for cooperation and peace among these actors. These developments are then factored into developing future scenarios in the region, along political, security, economic, and social dimensions, and how
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The OTI publication 'Repeal, Replace, or Reform: A Position Paper on the Prevention of Terrorism Act No. 48 of 1979' presents a critical, detailed analysis of the PTA Act. This includes the key contentions against the Act, recent amendments to the PTA, a discussion on the proposed Counter-Terrorism Act of 2018, and recommendations on the way forward. The report also presents an analysis of the provisions of the PTA and their impact on the law of the country, fundamental rights enshrined in the S
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we call on everyone once again to follow the example set by Ukraine and to join hands to formulate a common minimum programme to respond to the country's current crisis.
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The Ceremonial Opening of the Second Session of the Ninth Parliament by H.E. the President Gotabaya Rajapaksa will be held at 10.00 a.m. on Tuesday the 18th of January 2022.
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OTI last Monday (25) arranged a discussion on the PTA and its impact with the participation of lawyer Chrishmal Warnasuriya, Dr Paikiasothy Sarawanamuttu, UK-based Amal Abeywardene and the writer. Harindra B Dassanayake moderated the two-hour discussion. All agreed with Dr. Sarawanamuttu’s call for a moratorium of the PTA until the government and those engaged in discussions on the future of the security law reached a consensus.
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Sri Lanka’s interbank forex markets are not allowed to deal above 200 to the US dollar and import customers are not allowed to be given dollars above 203 to the US dollar in curbs announced after money printing triggered forex shortages.
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Sri Lanka had about 4.0 billion dollars of gross official reserves of which a billion US dollars flowed out for bond payment on July 26. However about 200 is expected to be recouped with swaps from the domestic holders of bonds who hold about 310 million US dollars, Minister Cabraal said. It is the practice for analysts to measure reserves in months of imports.
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They offer fixed rates determined through competitive bidding. The issue opens today with 30 July as the date of settlement. The previous SLDB issue was in June aimed at raising $ 100 million. However, it drew bids amounting to 35% of the issue.
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