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Legal reforms for economic stabilization, soon - newsfirst.lk
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Legal reforms for economic stabilization, soon
COLOMBO (News 1st) – The National Council Sub-Committee for Identifying Short- and Medium-Term Programs related to Economic Stabilization said that proposals for the reform of laws related to the economic stabilization of the country will be presented to the country at the end of December.MP Patali Champika Ranawaka, who is also the Chairman of the Sub-Committee said that it is important to discuss whether there are shortcomings in the law among the reasons that led to the country's economic bankruptcy and to discuss the next steps to be taken.The experts who participated in the committee expressed their views on the reforms that should be made in the country's legal system to obtain local and international support to create economic stability in the country, said the Parliament Media Division.The role of the Central Bank, the role and accountability of the Treasury, the role and accountability of the government, and the accountability of government officials, politicians and the business community dealing with them were discussed at the committee. Also, proposals were presented on the need for a large-scale anti-corruption process and the importance of implementing the law on assets and liabilities.Officials of the Ministry of Justice said that 55 new laws and amendments to existing laws are currently underway.The senior lawyers pointed out that due to the Covid pandemic situation, the number of cases pending in the courts is high, so the trials should be managed efficiently.
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