Sri Lanka, July 2 -- Corruption undermines sustainable development, the well-being of its citizens, their trust in institutions and tax morale. The cost of corruption is felt by all segments of society and the economy. Corruption significantly deters foreign investments, as it creates an unpredictable and risky business environment. Investors often perceive high levels of corruption as indicative of weak governance and regulatory frameworks, leading to concerns about the protection of their investments and the potential for unfair competition.

H. E. Akio ISOMATA, Ambassador of Japan to Sri Lanka and Ms. Azusa Kubota, Resident Representative, United Nations Development Programme (UNDP) in Sri Lanka, in the presence of the Minister of Just...