Sri Lanka’s Prime Minister has proposed the hiring of a US-based management consultancy firm to set up a “Central Programme Management Unit,” on a US$2.3 million contract, reports the Sunday Times.
The aim of the unit will be to create “integrated and accelerated economic development across the country and restructuring and transformation of the economy to a vibrant and sustainable social market economy,” said Ranil Wickremesinghe.
To that end, US firm McKinsey and Company would be awarded to contract to work for a period of just 3 months. The proposed unit is set to function under the prime minister’s office. Mr Wickremesinghe’s bill now awaits approval by the Sri Lankan cabinet.