Sri Lanka to set up a special unit for economic development

Sep 14, 2016 (LBO) – Sri Lanka’s cabinet has approved obtaining the assistance of the Mackenzie Institute of USA to set up a Central Programme Management Unit in Sri Lanka to aid with rapid development.

“It is important to establish a separate unit to supervise and take corrective measures on development activities for achieving the objectives to gain an accelerated economic development and to convert the country’s economy into a sustainable socio-economic market,” the latest statement on cabinet decisions said.

The said proposal was made by Prime Minister Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs.

Mackenzie Institute of USA has had experience in setting up such units in rapidly transforming economies such as in Malaysia.