President Anura Kumara Dissanayake has announced that the government is considering listing state institutions that have become financial burdens on the stock market. Speaking at the Sri Lanka Economic Summit in Colombo, he stated that structural changes are necessary to improve efficiency and reduce the economic strain caused by these entities.
The President emphasized that his administration does not intend to manage these institutions using outdated approaches. Instead, a modernized strategy is being explored, including merging institutions and issuing shares through a holding company to attract investment.
He further noted that certain corporations and boards would need to be restructured. “Some institutions are redundant, performing overlapping tasks. We will have to close some, merge others, and reorganize where necessary,” he said. He confirmed that ongoing evaluations are identifying which institutions should undergo these transformations.
This move is part of the government’s broader economic reform agenda, aimed at reducing state expenditure and increasing accountability within state-owned enterprises.
