Two key bodies to aid government’s economic policy 
[June 10, 2004 - 7.30 GMT] 

President Chandrika Kumaratunga by the powers vested in her by the Constitution appointed two key bodies, to shape the Government’s economic policy. 

The National Council for Economic Development [NCED] and a Strategic Enterprise Management Agency [SEMA] were established in accordance with a UPFA manifesto promise.

The NCED is tasked with eliminating all administrative impediments obstructing or delaying progress and to facilitate and assist the Government in the effective implementation of its policies and development programs. The Council will help translate the manifesto in to a comprehensive action plan.

It will further ensure that Ministries and Government agencies function in a coherent manner towards achieving the development goals of the country, by coordinating their activities.

The President appointed Dr. P.B. Jayasundera as Chairman and Secretary General of the Council. The other members are, Prof. W.D. Lakshman, Mr. Sunil Mendis, Mr. Mano Tittawella, Mr. Mahesh Amalean and Mr. Harry Jayewardene.

The SEMA will facilitate and ensure the efficient management of strategic enterprises in Sri Lanka. The aim being not to privatize but to improve the efficiency and effectiveness of the Sri Lankan economy by putting these enterprises on par with their private sector counterparts.

This will be achieved by improving and consolidating the financial strength and commercial viability of these enterprises.

Mr. Mano Tittawella will act as Chairman and Chief Executive Officer of the Agency while the other members include, Mr. Gamunu Gunathilaka, Mr. B.R.L. Fernando, Mr. Lalith de Mel, Mr. Nihal Fonseka, Mr. J. Bandaranayke and Mr. Rajan Britto.

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Last Updated Date: June 10, 2004  - 7.30 GMT.