5-Point Proposal by Advisory Committee to Economic Council

COLOMBO (News 1st); The Advisory Committee appointed to assist the National Economic Council had submitted 5 proposals to the NEC.

The Advisory Committee met President Gotabaya Rajapaksa for the first time on Monday (21), and made the submissions.

The five proposals are as follows:

1. Immediately appoint a Technical Committee with Central Bank, and Treasury representation to propose on International Financial facilities.

2. Appoint a Financial Advisory, and a Legal Advisor.

3. Technical Committee must expedite the submission of a restructuring program for International Financial facilities.

4. Identify a group of experts to support the Finance Minister.

5. Increase confidence by addressing obstacles in the supply process.

The Advisory Committee further noted that it is important to take short-term and long-term measures to strengthen refinancing for a more stable economy that will be steered in the right direction.