A weekly public finance update by Verite Research revealed that out of the 52 key State-Owned Enterprises (SOEs) identified by the Ministry of Finance, only 11 have released their financial reports until the year 2022 as of June 30th, 2023.
This progress does not align with Sri Lanka’s commitment to the International Monetary Fund to ensure the publication of financial reports for all 52 key SOEs by the end of June 2023 as a part of its most recent program.
The publication of financial information plays a crucial role in enhancing the transparency and accountability of SOEs.
