Tuesday, 19 December 2023 10:14

SLProcurement framework gaps pave the way for corruption Featured

“Backwards in blacklisting: Gaps in Sri Lanka’s procurement framework enable corruption.” PublicFinance.lk announced at its latest research briefing

This report identifies two critical gaps within Sri Lanka’s public procurement system, particularly the inadequacies in blacklisting mechanisms against corruption. It also shows how backward Sri Lanka is compared to other South Asian countries in this respect.

PublicFinance.lk which is part of Verite research, said corruption in public procurement undermines competition and pushes up the price of contracts, leading to waste of scarce public resources.

Blacklisting, or debarment, is a tool available to deter fraud and corruption in procurement by preventing companies found guilty of such misconduct from participating in government procurement for a specified period.

 

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