11 member new Economic Council announced

The Cabinet of Ministers has granted approval for the establishment of an Economic Council.

According to the Government, President Gotabaya Rajapaksa has decided to convene the Economic Council weekly with the objective of accelerating the economic growth in the country.

The Economic Council will focus on the management of the entire economy by thoroughly discussing the local economic policies including macroeconomic policies, the behaviour of the national economy after the Covid-19 pandemic situation, economic restructuring, as well as the major development projects that directly affect the economic policies and financial policies of the Government.

Thereby, approval has been granted to the measures to be taken by the President to implement the decisions taken by the relevant Ministries, Departments, and Statutory institutions when necessary, subject to the approval of the Cabinet.

The measures are to be implemented followed by the instructions and guidance of the Economic Council.

Approval has also been granted to invite intellects with esteem/standard in the respective fields as required for the meetings of the Economic Council.

Accordingly, the composition of the Economic Council is as follows.