Japan grants $2.5M to Lanka to boost anti-corruption efforts

(UNDP) 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.

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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.

Akio Isomata, Ambassador of Japan to Sri Lanka and Azusa Kubota, Resident Representative, United Nations Development Programme (UNDP) in Sri Lanka, in the presence of the Minister of Justice, Harshana Nanayakkara, marked the launch of the new project titled 'The Project for Promoting Prosecution of Corrupt Practices through the Establishment of Anti-corruption Mechanism' through a signing ceremony in Colombo on Tuesday. High-level attendees present to mark the occasion included; Parinda Ranasinghe, Attorney General; K.B. Rajapakse and Chethiya Goonesekera P.C, Commissioners of Commission to Investigate Allegations of Bribery or Corruption (CIA-BOC); Dr. Nandika Kumanayake, Secretary to the President, along with representatives from participating agencies.