Supporting Accelerated Investment in Sri Lanka Project
Weak governmental and business systems have consistently placed Sri Lanka at the bottom of many of the World Bank’s Doing Business indicators and limited foreign investment in the country.
Although the Sri Lankan government pursued reforms to modernize the country’s business environment after the 2015 presidential election, past administrations’ weak systems and processes hindered these efforts. The USAID Supporting Accelerated Investment in Sri Lanka (SAIL) project, with Chemonics as a subcontracted partner, collaborated with the national government to develop a regulatory environment that is fair for business and encourages foreign direct investment (FDI). Working with the national government to enact economic reform helped improve the country’s World Bank Doing Business indicators and will contribute to the steady increase of FDI in Sri Lanka in the years to come.