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COPE calls to appoint committee to probe irregularities of CCF

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In order to investigate the matters raised by the special audit report on the functioning of the Central Cultural Fund (CCF) and to examine the progress of the implementation of recommendations given by COPE, a committee meeting was held yesterday (07) under the chairmanship of (Prof.) Ranjith Bandara.

The Internal Inquiry Committee appointed by the Secretary to the Ministry to investigate the matters raised in the said Special Audit Report for the purpose of reporting to COPE was discussed at length.

Furthermore, in the last meeting, there was a discussion at length about holding the meetings of the governing council of the Central Cultural Fund and whether the funds have been properly spent, and the committee members had agreed to discuss the validity of the 209th meeting of the governing council in this meeting.

Accordingly, the Auditor General pointed out that only 07 of the 11 members have agreed to the decisions of the 209th meeting and 04 including the former Prime Minister have not signed. Stating that there is a discrepancy between the signatures used by the 07 signatories on the signature list of this meeting and the signatures used by them in the previous governing board meetings, the Auditor General pointed out that the decisions of the 209th governing board meeting have not been adopted in the 210th meeting.

The Auditor General also stated that the then Prime Minister’s Secretary and the current President’s Secretary, who were members of the relevant governing body, confirmed that he was not a party to such a meeting.

Accordingly, followed by extensive discussion, the COPE Chair gave the following recommendations to the Secretary to the Ministry of Buddhasasana, Religious and Cultural Affairs.
Appointment of a committee headed by a retired court judge to investigate the issues raised by the special audit report of the Central Cultural Fund for the period 2015 – 2019.

Dissolution of the singular internal investigation committee for the purpose of reporting to COPE appointed by the Secretary to the Ministry to investigate the matters raised in the said Special Audit Report.

To check the validity of the signature list of the 209th meeting, to refer the list to the Criminal Investigation Department and the Government Inspector.

Recall the Central Cultural Fund before the Committee to review the progress of the recommendations made by COPE on the matters raised by the Special Audit Report on the functioning of the Fund.

To make the report of the new committee proposed which is to be appointed to investigate the functioning of the Central Cultural Fund and present it before COPE within 03 months.

In addition to this, the committee members focused on the future plans of  COPE, and the institutions that should be prioritized. The Chair mentioned that he had already discussed it with the Auditor General. Accordingly, the chair mentioned that investigations will be carried out by sub-committees through a cluster committee system and a system of calling only the institutions with essential and current importance to the main committee will be facilitated.

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Sri Lanka Mirror wishes everyone a happy Sinhala and Tamil New Year!

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The 2024 Sinhala and Tamil New Year dawned at 09.05 pm last night (April 13).

‘Sri Lanka Mirror’ extends heartfelt New Year greetings to all our readers. May this upcoming year be filled with boundless happiness, prosperity, and success for each and everyone of you.

–  Sri Lanka Mirror team

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Derailed train causes delays on coastal line

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A train has derailed at the Kalutara South railway station on Saturday morning (13).

Trains operating on the Coastal Line are thus experiencing delays, Sri Lanka Railways said.

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Kristalina Georgieva to head IMF for a 2nd term

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The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024.

The appointment comes ahead of the start of the fund’s spring meetings in Washington next week.

Georgieva, who has been in the role since the autumn of 2019, was the sole candidate for the position. However, it was only after European leaders signalled that they would endorse her last month that her candidacy was assured.

In a statement, the coordinators of the Executive Board, Mr. Afonso S. Bevilaqua and Mr. Abdullah F. BinZarah has said, “Looking ahead, the Board welcomes Ms. Georgieva’s ongoing emphasis on issues of macroeconomic and financial stability, while also ensuring that the Fund continues to adapt and evolve to meet the needs of its entire membership. It recognizes her focus on strengthening the Fund’s support to its members through effective policy advice, capacity development and financing. The Board looks forward to continuing to work closely with the Managing Director.”

“I am deeply grateful for the trust and support of the Fund’s Executive Board, representing our 190 members, and honored to continue to lead the IMF as Managing Director for a second five-year term,” Ms. Georgieva has said.

The Bulgarian national has served as Managing Director since October 1, 2019. The Managing Director is the chief of the IMF’s operating staff and Chair of the Executive Board. The Managing Director is assisted by four Deputy Managing Directors in overseeing the Fund’s operations, which serve its membership through about 3,100 staff.

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