Sri Lanka: Technical Assistance Report-Governance Diagnostic Assessment

Author: International Monetary Fund. Legal Dept., International Monetary Fund. Fiscal Affairs Dept., International Monetary Fund. Monetary and Capital Markets Department, and International Monetary Fund. Finance Dept.

Volume/Issue: Volume 2023 Issue 340

Publication date: September 2023

ISBN: 9798400255977

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Money and Monetary Policy , Public Finance , International - Economics , Business and Financial , governance weakness , revenue administration recommendation , governance arrangement , governance concern , governance dynamics , Corruption , Revenue administration transparency and accountability , Budget planning and preparation , Auditing , Global , Asia and Pacific

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Summary

At the request of the authorities of Sri Lanka, an interdepartmental (LEG/FAD/MCM, FIN) Governance Diagnostic Assessment (GDA) mission was conducted during March 20 - March 31, 2023. In line with the IMF’s 2018 Framework on Enhanced Fund Engagement on Governance, the diagnostic assessment focused on corruption vulnerabilities and governance weaknesses linked to corruption in macroeconomically critical priority areas of: (i) the anti-corruption, anti-money laundering and combating the financing of terrorism; (ii) fiscal governance (e.g., public financial management, tax policy and revenue administration, state enterprise management, and public procurement); (iii) central bank governance; (iv) financial sector oversight; and (v) enforcement of contract and protection of property rights. Annex 1 provides additional information on the methodology and scope of the Governance Diagnostic.