May 25, 2017 (LBO) – Sri Lanka’s cabinet has given the go ahead for the implementation of reforms to establish a suitable method to assign responsibilities and leadership related to relevant tasks to increase the competition on investment flows to the island.
“Making reforms to increase investment flows to Sri Lanka will increase competition on investments in Sri Lanka,” the latest statement on cabinet decisions said.
“Reforms should be introduced to establish a suitable method to assign responsibilities and leadership related to relevant tasks.”
Accordingly a separate Secretariat to implement this task will be setup and 10 technical task forces to coordinate among relevant institutions, and to instruct Legal Draftsman to make necessary legal reforms, was approved by the Cabinet of Ministers.
The proposal was made by the Minister of Development Strategies and International Trade, Malik Samarawickrama.