{"id":53260,"date":"2017-05-28T20:28:59","date_gmt":"2017-05-29T00:28:59","guid":{"rendered":"http:\/\/dbsjeyaraj.com\/dbsj\/?p=53260"},"modified":"2017-05-28T20:36:48","modified_gmt":"2017-05-29T00:36:48","slug":"world-bank-imf-and-asian-development-bank-object-to-key-institutions-being-brought-under-ravi-karunanayake-ministry","status":"publish","type":"post","link":"https:\/\/dbsjeyaraj.com\/dbsj\/?p=53260","title":{"rendered":"World Bank, IMF and Asian Development Bank Object to Key Institutions Being Brought Under Ravi Karunanayake Ministry"},"content":{"rendered":"<p><strong><br \/>\nBy Duruthu Edirimunni Chandrasekera<\/strong><\/p>\n<p> Newly appointed Foreign Minister Ravi Karunanayake\u2019s demand to bring institutions such as the Development Lotteries Board, National Lotteries Board, Mahapola Scholarship Fund, SriLankan Airlines, Hingurana Sugar and the Securities and Exchange Commission (SEC) under his purview has come under fire by three donor agencies, government sources revealed.<\/p>\n<p>The World Bank, International Mandatory Fund and Asian Development Bank are learnt to have raised the issue with the Government saying this is something that hasn\u2019t been seen anywhere else in the world, the sources said.<\/p>\n<p><!--more--><\/p>\n<p>While the recent cabinet shuffle has made many stakeholders impatient to find out what will \u2018happen next\u2019, these donor agencies have showed their displeasure and said it was bad governance on the new turn of events where Mr. Karunanayake has demanded these institutions.<\/p>\n<p>Meanwhile some stakeholders say that the impact of the cabinet shuffle on the Colombo Stock Market will be great if Mr. Karunanayake heads the SEC saying that the capital market lobby was working well with Ravi in recent times. \u201cNow the process has to start all over but hopefully knowing the capabilities of (Finance Minister) Mangala, it can move forward.\u201d an analyst said.<\/p>\n<p>Stockbrokers, in a Business Times poll on Monday on the reshuffle, were divided on the impact it would have on the market.  \u201cMost ministers are perceived as ineffective \u2013 reshuffling same pack of people is unlikely to deliver materially better results,\u201d one respondent said.<\/p>\n<p>Plantation sector institutions which presently come under a different ministry may also be allocated to him, reports said.<\/p>\n<p><em>Courtesy:Sunday Times<\/em><\/p>\n<div id=\"tweetbutton53260\" class=\"tw_button\" style=\"float:right;margin-left:10px;\"><a href=\"http:\/\/twitter.com\/share?url=https%3A%2F%2Fdbsjeyaraj.com%2Fdbsj%2F%3Fp%3D53260&amp;text=World%20Bank%2C%20IMF%20and%20Asian%20Development%20Bank%20Object%20to%20Key%20Institutions%20Being%20Brought%20Under%20Ravi%20Karunanayake...%20&amp;related=&amp;lang=en&amp;count=horizontal\" class=\"twitter-share-button\"  style=\"width:55px;height:22px;background:transparent url('https:\/\/dbsjeyaraj.com\/dbsj\/wp-content\/plugins\/wp-tweet-button\/tweetn.png') no-repeat  0 0;text-align:left;text-indent:-9999px;display:block;\">Tweet<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>By Duruthu Edirimunni Chandrasekera Newly appointed Foreign Minister Ravi Karunanayake\u2019s demand to bring institutions such as the Development Lotteries Board, National Lotteries Board, Mahapola Scholarship Fund, SriLankan Airlines, Hingurana Sugar and the Securities and Exchange Commission (SEC) under his purview has come under fire by three donor agencies, government sources revealed. The World Bank, International &#8230;<\/p>\n<p><a href=\"https:\/\/dbsjeyaraj.com\/dbsj\/?p=53260\" class=\"more-link\">Continue reading &lsquo;World Bank, IMF and Asian Development Bank Object to Key Institutions Being Brought Under Ravi Karunanayake Ministry&rsquo; &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/53260"}],"collection":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53260"}],"version-history":[{"count":2,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/53260\/revisions"}],"predecessor-version":[{"id":53262,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/53260\/revisions\/53262"}],"wp:attachment":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}