Management Committee of ‘Rebuilding Sri Lanka’ Fund appointed

Colombo, Dec. 1 (Daily Mirror) - Cabinet approval has been granted to establish the ‘Rebuilding Sri Lanka’ Fund, aimed at rebuilding the country following the severe devastation caused by Cyclone ‘Ditwah’, one of the worst natural disasters in Sri Lanka’s recent history. 

The Fund is to be established as a statutory fund under the Presidential Secretariat and its Management Committee will comprise representatives from both the public and private sectors, President's Media Division (PMD) said.

Dr. Anil Jayantha Fernando, Minister of Labour and Deputy Minister of Finance and Planning, will serve as the Chairman of the Committee, while G. M. R. D. Aponsu, Senior Additional
Secretary to the President, will serve as the Convener.

The other members of the Committee are:

•  Mr. Hanif Yusoof, Governor of the Western Province and Special Representative of the President for Foreign Investments
•  Dr. Harshana Suriyapperuma, Secretary to the Ministry of Finance
•  Mr. Duminda Hulangamuwa, Senior Economic Adviser to the President
•  Mr. Sugeeshwara Gunawadhana, Director General at the Ministry of Foreign Affairs
•  Mr. Mohan Pandithage, Chairman, Hayleys Group
•  Mr. Krishan Balendra, Chairman, John Keells
•  Dr. Parakrama Dissanayake, Deputy Chairman and Managing Director, Aitken Spence
•  Mr. Ashroff Omar, Group Chief Executive Officer, Brandix
•  Mr. Ishara Nanayakkara, Executive Chairman, LOLC Holdings

The Management Committee will be empowered to ensure the effective administration of the Fund, including assessing requirements, setting priorities, allocating resources and disbursing funds for approved recovery activities. The Committee will also ensure full transparency in all financial operations of the Fund, including financial management and auditing.