Sri Lanka’s CCC pushes for accelerated, inclusive economic revival and national development
The Ceylon Chamber of Commerce (CCC) in Sri Lanka has reportedly welcomed the new administration following general elections where President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa’s party won a landslide and noted the aggressive expectations with respect to accelerated and inclusive economic revival and national development in the Post-Covid-19 context. “The Ceylon Chamber of Commerce congratulates Prime Minister Mahinda Rajapaksa and the newly elected government on its victory at the 2020 General Election and the clear majority mandate received from the voting citizenry,” the CCC has said.
“The Chamber believes that the mandate received reflects among other factors the confidence earned by His Excellency the President and the Government through the exemplary outcomes delivered with respect to the control of the Covid-19 pandemic cumulating to the protection of Life and Livelihoods.
“Equally, the Chamber is of the view that the mandate also represents aggressive expectations with respect to accelerated and inclusive economic revival and national development in the Post-Covid-19 context.”
CCC has further noted, “The Chamber looks forward to the establishment of a fresh paradigm with respect to Governance, Policy formulation and Implementation Management, featuring the streamlining of Ministries with clear and synergized assignment of subjects, alongside the delineation of Policy, Regulatory, Public Enterprise and performance management functions.”
“The Chamber further recommends that the optimised configuration of Ministries be enshrined in legislation in order to ensure continuity in government policy and implementation.”
The chamber has called for “a progressive dialogue inclusive of the timely consultation of business chambers with respect to policy formulation and legislation” as well as monetary and fiscal discipline.
OSL take:
The statement by Sri Lanka’s premier business chamber is indicative of the growing business opportunities and the growth potential of the country’s economy. The establishment of a stable government following the recently concluded general election has expanded business/investment opportunities in Sri Lanka. Foreign businesses/investors could therefore explore business/investment opportunities in Sri Lanka with confidence.
| Article Code : | VBS/AT/17082020/Z_4 |