Central Bank has taken measures to create awareness on Doing Business in Sri Lanka. It has released the eighth edition of guidelines recently with the aim of promoting local business.
The current political situation has retarded the progress of economic reforms affecting the business environment analysts said adding that it is essential to restore political stability in the country soon.
New Business activities came to standstill during the past ten days following the president’s action to appoint a new Prime Minister and prorogue parliament, they claimed.
However according to World Bank Sri Lanka rose 11 notches in the Ease of Doing Business index 2019 being ranked 100 among 190 economies.
The World Bank said ongoing reform efforts are gathering momentum as well, with their impact yet to be realized and measured by Doing Business.
But the present political crisis will drag the country backwards and it will be a difficult task in taking damage control measures in the coming months, they predicted.
The eighth edition of “A Step by Step Guide to Doing Business in Sri Lanka”, published by the Central Bank has been categorized under three main chapters;
They are ‘Starting a Business’, ‘During the Business’ and ‘Other Activities’, contains useful information for the business community, potential entrepreneurs, foreign investors and investment promotion agencies.
Under each topic, comprehensive information is provided on relevant institutions, documentary requirements, regulatory clearances and associated costs.
The necessary amendments up to mid-2018 gathered from relevant institutions are incorporated into this edition.
The publication can be purchased from the Sales and Distribution Counters of the Central Bank at its Central Point Building (Chatham Street, Colombo 01), Centre for Banking Studies (No. 58, Sri Jayewardenepura Mawatha, Rajagiriya) and Regional Offices of the Central Bank (Matara, Matale, Nuwara Eliya, Kilinochchi, Trincomalee and Anuradhapura)