President to manage economy through special economic council

News

President Srisena announced Saturday that he would directly manage the economy through a special economic council headed by him, taking over the responsibility from Prime Minister Ranil Wickremesinghe and his United National Party (UNP).

¨Although the UNP was allowed to manage the economy in the past three years, from this month, the President will take it over," his office said in a statement.

There was no immediate reaction from Wickremesinghe to the decision, which came after a heated cabinet meeting in which Sirisena accused the UNP of unleashing a smear campaign against him, the AFP reported according to sources close to the president.

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