Re-allocation of State bodies to boost growth

The new government which places emphasis on sustainable socio-economic development has set up ministerial portfolios to support its ambitious growth targets. There have been new ministries and shifting of State institutions under different ministries to ensure holistic development could be achieved in a sustainable manner.

Prime Minister Ranil Wickremesinghe is the Minister of Policy Planning and Economic Affairs.Other key ministers related to economic development include Finance Minister Ravi Karunanayake, Industry and Commerce Minister Rishad Bathiudeen, Social Empowerment and Welfare Minister S.B. Dissanayake and Public Enterprise Development Minister Kabir Hashim.The key institutions under the Ministry of Policy Planning and Economic Affairs are: CRIB, National Salaries Commission, Fund for Strikes, Civil commotion and terrorist activities, EPF, Public Utilities Commission, National Youth Council, National Youth Front, National Youth Award Authority, National Youth Services Cooperative, National Centre for Leadership Development.Among the institutions under the Ministry of Finance are the National Lotteries Board, Development Lotteries Board, Lady Lochore Fund, Sri Lanka Export Credit Insurance Corporation and Miloda Corporation.

Among the key institutes of the Ministry of Social Empowerment and Welfare are: The Social Services Department, National Council for Elders, National Elders Secretariat, National Council for the Disabled, National Social Development Institution, Samurdhi Department, Village Development Training and Research Institute and Social Protection Board.The institutions under the Ministry of Industries and Commerce include Lanka Sathosa, the CWE, Food Commissioner’s Department, Lanka Salusala Limited, Cooperative Development Board, Lanka Textile Mills, Cooperative Workers Commission Union, Internal Trade Department, National Cooperative Development Institution, Sri Lanka Weaving Mills and Garments, Handloom Industries Department, Kahatagaha Graphite, Lanka Leyland, Lanka Ashok Leyland, Lanka Cement Corporation, Sri Lanka Cement Corporation and Mantai Salt Limited.

Among the institutions of the Ministry of Public Enterprise Development are Bogala Graphite, Lanka Ceramics Corporation, Kahagolla Engineering Services Company (KESCO), BCC Limited, State Enterprise Management Corporation, Hotel Developers Lanka Corporation, SriLankan Airlines, Sri Lanka Insurance Corporation, all State banks and related controlling companies and institutions, Lakdiva Engineering Corporation, WESCO, Janatha Estates Development Board, Sri Lanka Plantations Corporation, Elkaduwa Plantations Ltd, Kurunegala Ltd, Chilaw Plantations Ltd and Galoya Plantations Ltd.The government hopes that the re-allocation of State institutions will effectively facilitate the five-year development plan and efficient coordination among the key ministries that will drive the envisaged holistic and sustainable socio-economic development.