Eight Task Forces formed

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On the instructions of President Ranil Wickremesinghe, eight task forces, comprising heads of the public and private sectors, were formed yesterday (1) in order to create investment opportunities and secure investors.

These task forces were empowered under the leadership of Secretary to the President Saman Ekanayake.

These task forces are enforced to cover all procedures, regulations and actions implemented by Government agencies that provide services related to business activities, based on eight areas such as starting new businesses, obtaining construction permits, registering a business property, obtaining loans, protecting small-scale investors, cross-border trades, paying taxes, etc.

The heads of these task forces and 74 members representing all the Government institutions, related to this task, participated. Encouraging them, Ekanayake said, this is another milestone in the Government’s long-term efforts to create a favourable environment for investors.

Ekanayake pointed out that it is a matter of regret that activities initiated by previous Governments were not implemented when the Governments changed. We are suffering today from the consequences of not implementing such timely and necessary institutional reforms,” he added.

Central Bank Governor Dr. Nandalal Weerasinghe, World Bank Sri Lanka Manager Chiyo Kanda, Secretary of the Ministry of Monetary, Economic Stabilisation and National Policy K.M.M. Siriwardena, Sri Lanka Board of Investment Director General Renuka M. Weerakoon, Senior Presidential Adviser on Legal Affairs Bimba Thilakaratne, Senior Economic Adviser to the President Dr. Samaratunga, Presidential Adviser on Economic Reforms Dr. Sarath Rajapathirana and Vice President of the Ceylon Chamber of Commerce Duminda Hulangamuwa were present.