Sri Lanka, April 7 -- The delay in reforming State Owned Enterprises (SOE) has the risk of moving Sri Lanka towards unsustainable growth, said Advocata Institute, Senior Research Analyst Rehana Thowfeek.

She was speaking at a media briefing on "Burden and The Urgency of State Owned Enterprise Reform" organised by Advocata Institute at the BMICH on Wednesday.

She said that SOEs have become a vehicle for corruption and state capture in Sri Lanka.

"Although we are led to believe that SOEs exist for the benefit and betterment of citizens, if you look at the evidence presented, it's quite easy to dispel this belief," she said.

"Often, state intervention in the markets has led to the creation of under-competitive markets. It has crowded out...