In 2024, the government disclosed only 40% of the required information on foreign-financed projects, according to Sri Lankan think-tank Verité Research.
This was revealed in the 2024 update of Infrastructure Watch, a dashboard on PublicFinance.LK – Sri Lanka’s premier economic insights platform.
Issuing a statement, Verité Research said this platform has tracked government compliance with the RTI Act’s proactive disclosure requirements since 2022.
Verité Research points out that large infrastructure projects of the government are often financed by foreign loans and grants and when the amount exceeds USD 100,000, the law requires information about the projects to be disclosed to the public online.
However, compliance with the law is poor and in 2024, the government has disclosed only 40% of the required information on foreign-financed projects.
Verité Research states corruption in public spending is often linked to public procurement and its economic insights dashboard shows that disclosure of procurement-related information for foreign-financed projects was even less – only 20% of what the law requires.
Economist and Director at Verité Research Subhashini Abeysinghe says that “foreign lenders can help improve transparency by linking their project financing to government compliance with the Right to Information Act.”
Improving transparency is not only in the interest of the Sri Lankan public but also benefits lenders and contractors involved in these projects. Subhashini Abeysinghe says that “greater transparency not only fosters fair competition and reduces the risk of corruption, but also minimizes reputational risks for lenders and contractors of being implicated in corrupt practices.”
Section 9 of the RTI Act and the guidelines published by the RTI commission mandate the proactive disclosure of information under five broad categories: project details, rationale & beneficiaries, budget & financial details, approvals & clearances, and procurement & contracts.
The 2024 assessment looked at compliance concerning 50 large infrastructure projects. The dashboard can be accessed by visiting https://dashboards.publicfinance.lk/infrastructure-watch/ (Newswire)
