Former Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal was sworn in as the new state minister for Finance, Capital Market, and State Enterprise Reforms.

The swearing-in ceremony of new Cabinet of Ministers and State Ministers commenced a short while ago, under the patronage of President Gotabaya Rajapaksa.

The new ministerial structure consisting 28 Ministries and 40 State Ministries was announced by President Gotabaya Rajapaksa through an extraordinary gazette notification.

Accordingly, two-state ministries were appointed under the Finance Ministry. They are the State Minister for Finance, Capital Market and State Enterprise Reforms, and the State Minister for Samurdhi, Micro Finance, Self Employment & Business Development and Under-utilized State Resource Development.

Among the tasks assigned to the State Minister of Capital Markets will be to facilitate the setting-up of main offices of international business giants in Colombo and the Port City, and engaging in international promotional campaigns to attract foreign investors with the assistance of the private sector.