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Sri Lanka’s central bank, SEC, back to finance ministry

ECONOMYNEXT – Sri Lanka’s central bank and Securities Exchange Commission has been returned to the finance ministry from the National Policies Ministry of Prime Minister Ranil Wickremesinghe, in changes announced by President Maithripala Sirisena.

The Department of External Resources which is in charge of raising foreign loans, has also come back to the finance ministry.

Sri Lanka Insurance Corporation and the Department of Food Commissioner had been placed under the National Policies Ministries, in a gazette notice which also included other changes in line with a cabinet changes made earlier.

Litro Gas, a unit of Sri Lanka Insurance remains under the Ministry of Public Enterprises.

Though state banks, which were under the state enterprise ministry were also expected to be returned to the Finance Ministry, no changes had been made.

A new Project Management, Youth Affairs & Southern Development (Sagala Ratnayake) had got the National Insurance Trust Fund, Strike, Riot and Civil Commotion and Terrorism Fund, Employees Trust Fund, the Public Utilities Commission and the Academy of Financial Studies.


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