Govt. appoints panel to assist Economic Council after criticism

Sri Lanka
By Editor_1
-pmdnews.lk
0

COLOMBO – The Cabinet on Minister on Monday (14) approved a proposal to appoint a 14-member advisory committee comprising business leaders and academics to assist the 11-member Economic Council, which was criticized by the opposition for not including any economic experts.

President Gotabaya Rajapaksa appointed the Economic Council early this month amid a worsening economic crisis.

Co-cabinet spokesman and Plantations Minister Ramesh Pathirana said the 14-member committee will comprise Prof H. D. Karunaratne, Prof Shirantha Heenkenda, Dr Dushni Weerakoon, Dhammika Perera, Krishan Balendran, Ashroff Omar, Dr Hans Wijesuriya, Vish Govindasamy, S. Wenganadan, Ranjit Page, Suresh De Mel, Prabhash Subasinghe, Duminda Hulangamuw and Sujeewa Mudalige.

The Economic Council announced on March 9 to accelerate economic growth is chaired by President Gotabaya Rajapaksa and comprises Prime Minister Mahinda Rajapaksa, Minister of Finance Basil Rajapaksa, Central Bank Governor Ajith Nivard Cabraal, Minister of Trade Bandula Gunawardhana, Minister of Highways Johnston Fernando, Minister of Agriculture Mahindananda Aluthgamage, Minister of Plantation Ramesh Pathirana, Secretary to the President Gamini Senerath, Treasury Secretary S. R. Aatigala and Deputy Governor of the Central Bank of Sri Lanka Dhammika Nanayakkare.

A statement from the cabinet office issued on March 9 said the Council was appointed to speed up economic growth by discussing local economic policies including macroeconomic policies, the behaviour of the national economy since the pandemic, economic restructuring and major development projects that directly affect the economic and financial policies of the government.

According to the statement, relevant ministries, departments and statutory institutions are expected to implement decisions subject to the approval of the cabinet with the guidance the Council.

Intellectuals with standing in their respective fields will also be invited to meetings of the Council as required, it said.

Sri Lanka is currently in the midst of one of the worst economic crises in the country’s history, with shortages of essential items on top of an energy crisis brought about by excess money printing to raise interest rates.

-economynext.com

 

Editor_1
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