CCEM restructured

An Economic Unit comprising middle level officers from the Treasury and the Central Bank is to be set up to serve the Cabinet Committee on Economic Management (CCEM) chaired by Prime Minister Ranil Wickremesinghe.

Comprising five officials, this Committee is to provide “technical inputs.” Charitha Ratwatte, Senior Advisor to the Prime Minister, has been tasked to monitor decisions of the CCEM and report back every month.

The CCEM has also been restructured. One meeting will focus exclusively on policy matters, a second will approve projects, a third will handle fiscal matters and the fourth will be devoted to the private sector.

All project proposals, it has been agreed, should first be scrutinised by the official committee of the CCEM.