report in Daily FT, Oct 2, 2023The first-ever Governance Diagnostic Assessment (GDA) on Sri Lanka compiled by the International Monetary Fund (IMF) has revealed widespread systematic and severe governance weaknesses and corruption vulnerabilities across State functions, with particular macroeconomic impact. The report stressed the appalling status impacted budget credibility; expenditure control; public investment management and control of spending); public procurement; management and oversight of State-Owned Enterprises (SOEs); transparency of revenue policy and the integrity of…