Economic Council presented with 5-point proposal

The freshly appointed Advisory Committee to the Economic Council has put forward a five-point proposal for the revival of the national economy that is currently in turmoil.

In the first discussion held, the Economic Council has proposed to; Appoint a technical committee consisting of officials from both the Central Bank of Sri Lanka (CBSL) and the Treasury to propose international financial assistance; Appoint a Financial Advisor and a Legal Advisor; Request the Technical Committee to submit at the earliest a restructuring programme on gaining international financial assistance; Appoint a group of experts to coordinate with the Finance Minister, and Improve emphasis on ironing out supply issues whilst working on rebuilding the credibility of the country.