Sri Lanka, March 28 -- Transparency International Sri Lanka (TISL) welcomes the introduction of a new Structural Benchmark in the IMF's Third Review Agreement, addressing gaps in implementing the Asset Declarations system under the Anti-Corruption Act of 2023. This is a significant step toward ensuring public access to asset declarations-a long-standing reform for which TISL has strongly advocated.
The benchmark requires the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) to remove excessive redactions, disclose bank balances and other asset values, improve accessibility, publish non-filers' names, include Beneficial Ownership details in declaration forms, and enact a comprehensive Asset Recovery Law in line with UN...