June 26, 2012 (LBO) – An annual economic forum next month organized by Sri Lanka’s Ceylon Chamber of Commerce will have a session focusing on the ease of doing business in the island. The Sri Lanka Economic Summit will be held in Colombo from July 10 to 12, held for the 13th successive year will have a session on ‘Ease of Doing Business- Sri Lanka ranked 89- Fact or fiction?’.
Sri Lanka has been placed 89th on a World Bank ranking improving its position from 110 in 2011.
“The Government has taken an initiative to improve Sri Lanka’s ranking as global indices are often used by international investors to make an initial assessment of the country,” the Ceylon Chamber of Commerce said.
“While no ranking system is perfect and the same counts for the assessment of Ease of Doing Business, what is more important is actual progress in reforms to have a material improvement in the regulatory framework and systems to ease business processes.”
The Ceylon Chamber said the session will have senior state and private sector officials who will discuss reforms and other measures necessary to simplify systems.
The main presentation will be by Central Bank assistant governor,