Sri Lanka makes a big leap in the World Economic Forum (WEF) Report. Sri Lanka made an impressive jump of ten places based on the World Economic Forum released today
The WEF in its latest Global Competitiveness Report (2011-2012), reported that Sri Lanka has made an impressive jump of 10 places in the rankings, to 52nd from 62nd in the 2010-2011 Report. This is a further improvement from the 2009-2010 report which ranked the country at 79th position.
The Institute of Policy Studies of Sri Lanka was the Sri Lankan Partner Institute in conducting the Executive Opinion Survey, which is a key element in building the Global Competitiveness Report rankings. On Monday the Institute of Policy Studies received an exclusive preview of the results via international audio conference with the World Economic Forum headquarters in Geneva, Switzerland. It was noteworthy that the WEF economists speaking to all the partner institutes specifically mentioned Sri Lanka as having performed strongly in rising up the rankings, and are among the top risers in the Asian region.