The Sri Lanka country profile provides a detailed analysis of the country's efforts in curbing corruption, but does also dig into Sri Lanka's challenges and the effects of these on its business climate throughout its chapters devoted to Business and Corruption and the country's Regulatory Environment. The government has aimed at containing corruption throughout several initiatives and efforts, for instance:
- Starting a business in Sri Lanka has become simpler and quicker, now requiring four procedures and taking an average of 35 days.
- In order to minimise corruption in the payment and collection of taxes, attempts have been made to reduce red tape by introducing standard tariff rates.
However, the country still faces challenges in curbing this phenomenon. Challenges include:
- The level of corruption is alarmingly high in public procurement sector.
- Corruption is fairly common in the lower courts, and those willing to pay bribes have better access to the legal system.
- Public officials and politicians are required by law to declare their assets, but the requirement is not followed in practice.
- Sri Lanka's anti-corruption legislation is not efficiently enforced and investigative bodies are characterised by insufficiently qualified staff.
- Sri Lanka does not have whistleblower protection, resulting in a general reluctance on behalf of citizens, and private and public sector employees to report corruption.
An extensive description of the levels of corruption within Sri Lanka's institutions and sectors are outlined in the profile's Corruption Levels. To counter these challenges, the national Anti-Corruption Commission has been more active in investigating corruption complaints. Nevertheless, the power of the executive is gradually decreasing the independence of the judiciary. For a more detailed analysis of the Sri Lankan government and civil society achievements in the fight against corruption, visit the Public Anti-Corruption Initiatives and Private Anti-Corruption Initiatives chapters.