’’Economic Council’’ headed by President to accelerate growth

Cabinet has approved a proposal made by President Gotabaya Rajapaksa to convene an 11-member "Economic Council" (EC) to meet weekly with the aim of accelerating economic growth. 

The EC will discuss at length, local economic policies including macroeconomic policies, the behaviour of the national economy after the COVID-19 pandemic situation, economic restructuring as well as the major development projects that directly affect the economic policies and financial policies of the government.

Based on the instructions and guidence of this Council, relevant Ministries, Departments and Statutory institutions will implement decisions when necessary subject to the approval of the Cabinet of Ministers. 

Accordingly, the composition of the Economic Council is comprised as follows:

• President Gotabaya Rajapaksa (Chairman)
• Prime Minister Mahinda Rajapaksa
• Minister of Trade Bandula Gunawardana
• Minister of Highways Johnston Fernando
• Minister of Finance Basil Rajapaksa
• Minister of Agriculture Mahindananda Aluthgamage
• Minister of Plantation Ramesh Pathirana
• Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal
• Secretary to the President Gamini Senerath
• Secretary to the Treasury S. R. Attygalle
• Deputy Governor of the Central Bank of Sri Lanka Dhammika Nanayakkara