Reform Update: Progress vs. Gaps in Sri Lanka’s Governance Action Plan 📈

Transparency International Sri Lanka (TISL) has released a one-year assessment of the Government Action Plan (GAP), highlighting a trend where legislative progress is outpacing practical institutional reform. • Key Achievements Asset Recovery Law: Now officially in force to recover proceeds from corruption. Companies Act: Amendments introduced regarding beneficial ownership, though operationalization is pending. Public Procurement: Initial steps toward digitalization and marginal improvements in tax data transparency. • Persistent Gaps & Delays Public Procurement Law: Missed key deadlines for drafting and enactment. SOE Reform: Restructuring of State-Owned Enterprises continues to lag behind IMF-linked commitments. Transparency: The revised GAP, due by February 2026, has not yet been published, raising accountability concerns. • Critical Outlook While foundational laws are being passed, TISL warns that weak administrative coordination and a lack of public consultation risk undermining the ICT/BPM and digital governance transitions. The economic recovery remains tied to meaningful implementation rather than just meeting legislative milestones to restore public trust. _Note: Assessment based on TISL's independent GAP Tracker following the absence of an official government monitoring mechanism._