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* Sub-committee to present proposals for the reform of laws related to economic stabilization at end of December
Fri, Nov 18, 2022, 10:12 pm SL Time, ColomboPage News Desk, Sri Lanka.

Nov 18, Colombo: Chairman of the National Council Sub-Committee for Identifying Short- and Medium-Term Programs related to Economic Stabilization, Member of Parliament Patali Champika Ranawaka, said that proposals for the reform of laws related to the economic stabilization of the country will be presented to the country at the end of December.

The chairperson of the committee mentioned this during the committee meeting held recently (Nov. 15) to discuss the new laws related to the economic stabilization of the country.

The chairman said that it is important to discuss whether there are shortcomings in the law among the reasons that led to the country’s economic bankruptcy, and to discuss the next steps to be taken.

The experts participated in the committee expressed their views on the reforms that should be made in the country’s legal system in order to obtain local and international support to create economic stability in the country.

The role of the Central Bank, the role and accountability of the Treasury, the role and accountability of the government, the accountability of government officials, politicians and the business community dealing with them were discussed at the committee. Also, proposals were presented on the need for a large-scale anti-corruption process and the importance of implementing the law on assets and liabilities.

Officials of the Ministry of Justice said that 55 new laws and amendments to existing laws are currently underway.

Here, the senior lawyers pointed out that due to the Covid pandemic situation, the number of cases pending in the courts is high, so the trials should be managed efficiently.

Minister Naseer Ahmed, Members of Parliament M. Rameswaran, Sagara Kariyawasam, officials representing relevant institutions including the Secretary to the Ministry of Justice, Deans of Law Faculties of Universities in Sri Lanka and experts in the field of law Sanjeeva Jayawardena, Sarath Jayamanna, Krishmal Varnasuriya, Maithri Gunaratne, Gunaratne Vanninayake and Shiral Lakthilaka were present on the occasion.


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