COLOMBO: Ten Sri Lanka state enterprises will sign ‘statements of corporate intents’ setting out plans and targets with the Treasury, the state information office said.
Sri Lanka’s key SOEs that de-stabilize the economy by running losses including in energy, water, ports and airports have already signed SCI’s under a stabilization program implemented with the International Monetary Fund. The cabinet of ministers had approved the inking of 10 more such agreements, which may bring some measure of control on SOEs and their losses. Sri Lanka is due to sign an agreement with revised performance targets and structural benchmarks for the next six months. State-run SriLankan Airlines was to have found a managing partner by this time, but the process was abandoned.
