Sri Lanka to establish National Development Committee to evaluate Government Projects

Photo credits: unsplash
The Sri Lanka Government has decided to establish a National Development Committee to review the progress of projects and programs implemented by the government.
The National Development Committee will be chaired by former Deputy Treasury Secretary Daya Liyanage.
President Ranil Wickremesinghe, in his budget speech for the fiscal year 2023, had proposed the establishment of the National Development Committee since the government has observed that past development projects had failed to achieve the expected results since they were implemented without suitable evaluation.
Accordingly, the proposal in this regard has been approved by the Cabinet of Ministers on Monday (May 22).
Latest Headlines
- Sri Lanka’s Central Bank warns general public over 8 pyramid-type schemes May 31, 2023
- Sri Lankan Rupee appreciates against U.S. Dollar May 31, 2023
- Chinese reaffirms support for Sri Lanka’s economic recovery May 31, 2023
- Sri Lanka’s Central Bank to hold rates as inflation stays high May 31, 2023
- Sri Lanka to initiate new online passport application system May 30, 2023
- India extends USD 1 Billion Credit Line for Sri Lanka until March 2024 May 30, 2023
- Cabinet approves resume of the Colombo Light Rail Transit project May 30, 2023
This National Evaluation Committee adds another layer of bureaucracy to project implementation in Sri Lanka.
There have been repeated calls from overseas investors to simplify the project implementation process.
This NEC goes against that call.