Sunday, 04 April 2021 09:46

Sri Lanka readies to prove its business-friendly environment Featured

Sri Lanka is ready to prove its prowess by creating a very business-friendly environment amidst challenges of Covid-19 contagion, Finance Ministry officials said.

The ministry is in the process completing a country report on doing business 2021 ahead of the release of the World Bank’s Doing Business 2021’ report in the coming months, incorporating the data corrections.

Under the Patronage of the State Minister of Finance Ajith Nivard Cabraal, held a discussion on the provision of Doing business index prepared by the World Bank at the Ministry of Finance premises Thursday (01).

In 2010, Sri Lanka was ranked 105th in the index. By 2014, the then Mahinda Rajapaksa government had elevated Sri Lanka to 85th position in the index, and by the end of 2019, Sri Lanka had slipped back to 99th position in the index.

With the new government launching a number of pro-business initiatives, a very business-friendly environment has already been created in Sri Lanka.

Data pertaining to 11 criteria constituting the index were evaluated by the Minister together with officials of the relevant institutions including the Dr W.D Lakshman, Governor of the Central Bank, R.M.A Ratnayaka Secretary to the State Ministry and R M P Ratnayaka Deputy Secretary to the treasury participated in this discussion.

(Lin)

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