The committee met recently (07) under the Chairmanship of Hon. (Prof.) Ranjith Bandara to examine the Auditor General’s Reports of the years 2019 and 2020 and the current performance of the corporation

The Committee Chair highlighted that this was the first time in a decade that the Sri Lanka Export Credit Insurance Corporation which is established to promote and develop international trade and to support and protect exporters, banks, importers and other financial institutions, made an appearance before COPE.

The Committee on Public Enterprises highlighted the failure of the Sri Lanka Export Credit Insurance Corporation to table Annual Reports and expressed displeasure over the lack of assistance provided to the Auditor General as a responsible government institution.

The Committee questioned the General Manager of the institution as to why a corporate plan was not prepared for over a time period of 10 years and on what basis the administration process of this institution has been carried out in the absence of a corporate plan.

Accordingly, the Committee instructed the officials present to take immediate measures to present a corporate plan as soon as possible