Preamble
Sri Lanka seeks to grow its economy at a rapid pace of 7 to 8%+ in the medium term. The country aims to achieve higher levels of prosperity, alleviate absolute poverty, create new and better jobs, and raise living standards. Alongside economic growth, sustainability and inclusion/equity are also key public policy objectives.
In its role of being the voice of the private sector, the Ceylon Chamber of Commerce (“CCC”) believes that the highest priority should be accorded to national interests and that its obligation to address member concerns be discharged in a responsible manner. It is within these parameters that the mandate of the Steering Committees of the CCC has been identified
Terms of Reference
1. Keep under review all aspects of the performance of the national economy, with particular focus on macroeconomic fundamentals and identify in a timely manner interventions required to be pursued, to ensure that private sector concerns are communicated to the policy makers.
2. Submit reports periodically to the Committee of the Chamber, highlighting vital aspects of economic performance and emerging issues relating to the business environment.
3. Formulate submissions to be made through the CCC, to the Ministry of Finance, in the formulation of the Annual Budget.
4. Submit recommendations to the Chamber as to the steps that need to be taken to action the Chamber’s position on the economy