President abolishes Cabinet Committee on Economic Management
Sri Lankan President Maithripala Sirisena has decided to abolish the Cabinet Committee on Economic Management (CCEM) headed by the Prime Minister Ranil Wickremesinghe.
Local media reported that the President has taken this decision at a special cabinet meeting held on Tuesday (20).
The CCEM was established to make recommendations to the Cabinet of Ministers on implementation of laws and related subjects concerning economic affairs, monetary and financial policy, national investment program, facilitating private sector investments, investments and economic development of the country.
Following the establishment of the National Economic Council the President on an earlier occasion has advised the cabinet to disband the CCEM.
Accordingly the cabinet has discussed the matter and th...