Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Japan approves Rs. 305 million for enhancing training capacity of Sri Lanka's MILODA Academy of Financial Studies
Sat, Aug 2, 2014, 11:28 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 02, Colombo: The Government of Japan has approved Rs.305 million to be financed through the counterpart fund under Japan's non-project grant aid scheme for the capacity development program through MILODA, Academy of Financial Studies (AFS), the Embassy of Japan in Colombo said in a statement.

The program is aimed at institutionalizing and enhancing the capacity of AFS, the training arm of the Ministry of Finance and Planning.

The jointly selected new Co-CEOs - Professor J. Hasagawa and Mrs. H.M.N.S. Gunawardena, being the Japanese and Sri Lankan CEOs respectively, assumed duties Friday the 1st of August 2014, with a Japanese Chief Specialist dispatched from Japan International Cooperation Center (JICE) to strengthen the existing local staff.

"Japan recognizes the paramount importance of enhancing institutional capacity of the public sector, in the transformation of Sri Lanka as an upper-middle-income economy as envisaged in the 'Mahinda Chintana-Vision for the Future'," the statement said.

The establishment of AFS in January 2013 is a fulfillment of a long felt need and was warmly welcomed by leaders of both Japan and Sri Lanka at their Summit Meeting held in Japan last March. It was hoped that this institution would vitalize the intellectual exchanges between Japan and Sri Lanka. Since last August, JICA has held several seminars at the AFS imparting knowledge on areas of specific importance to the public sector, benefiting senior staff of the Ministry of Finance and Planning and other key institutions coming under its purview.

The Government of Japan intends to combine assistance through various channels to support this program so that AFS will be better equipped with improved capacity to design, propose, execute and evaluate national economic and fiscal policies toward promoting investment and economic development for the benefit of the people of Sri Lanka. Around 8,500 managerial staff will benefit through training covering the diverse areas of significance including economic policy, fiscal policy, planning, accounting, revenue administration and related information technology.

The Government of Japan sincerely hopes that this assistance will develop AFS as a center of knowledge and excellence for the public finance sector officials in Sri Lanka and continue to acquire regional recognition.

ColomboPage - Recent 10 Stories
Child's murder suspect drowns during police chase in Sri Lanka
-- [3 hours ago]
Sri Lankan anti-corruption NGO appeals to state officials on election duty to be 'fair and independent'
-- [4 hours ago]
Sri Lanka has not requested UN support to set up reconciliation bureau
-- [5 hours ago]
Sri Lanka to establish a Human Heart Valve Bank for pediatric patients
-- [6 hours ago]
Sri Lanka Marxist party ready to change Constitution and economic system
Sri Lanka to set up joint trade commission with Russia
Sri Lanka election monitor receives over 400 complaints by end of campaigning for Uva PC
China Merchants sign two agreements with Sri Lankan government to develop Phase 2 of Hambantota Port Development Project
Sri Lanka donates one million medical gloves to Ebola-stricken countries
Errant driver of Sri Lanka ruling party candidate surrenders to police

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.