President Ranil Wickremesinghe has issued an extraordinary gazette declaring that three powerful government institutions which were under the Ministry of Finance, Economic Stabilisation and National Policies be taken over by the Ministry of Investment Promotion.
Accordingly, the following bodies have been taken over by the Ministry of Investment Promotion, in compliance with the President’s gazette;
Sri Lanka Export Development Board
Sri Lanka Board of Investments
Colombo Port City Economic Commission
Despite these institutions being taken over by the said Ministry, they will continue to remain under the scope of the President himself given that no Cabinet Minister for Investment Promotion has yet been appointed.