Reports from the Heritage Foundation and the Wall Street Journal, registered a decline in Sri Lanka’s 2014 Index of Economic Freedom.
The analysis found that improvements in trade and fiscal freedoms were offset by reduced financial and business freedom, government spending, labour freedom monetary freedom and trade freedom.
Labelling the situation in Sri Lanka as ‘mostly unfree in recent years’ the Heritage Foundation outlined,
The analysis found that improvements in trade and fiscal freedoms were offset by reduced financial and business freedom, government spending, labour freedom monetary freedom and trade freedom.
Labelling the situation in Sri Lanka as ‘mostly unfree in recent years’ the Heritage Foundation outlined,
"Its score is 0.7 lower than last year, reflecting modest declines in five of the 10 economic freedoms.”
“In the absence of lasting progress towards greater economic freedom, Sri Lanka’s economy has been rated mostly unfree in recent years. Institutional weaknesses cannot be addressed without a firmer political commitment to reform. Sri Lanka continues to score below the world average in the area of rule of law as measured by freedom from corruption and the protection of property rights."