The government is currently developing an economic policy metrics and plans to present it to donor agencies, to start the Rs. 500 bn Poverty Reduction Growth Facility Programme (PRGF) by June this year, Economic Reforms, Science & Technology Minister Milinda Moragoda said.
rnrnPRGF is a reform oriented country assistance program, which is jointly funded by both IMF and World Bank. The donor agency officials have maintained that government should be committed to remove the structural deficiencies that hamper growth through economic reforms, in order to begin the programrn
rnAmong the reforms identified are rationalisation of the public sector, labour reforms and education reforms that will allow an increased private sector participation in university education.rn
rnCommenting about the process of introducing labour reforms, Moragoda said, ldblquote Last government has begun the ground work on labour reforms. We plan to start talking with the unions, to build consensus
rnHe also said buil