Sri Lanka has approved a proposal to set up an institute aimed at educating parliamentarians and officials to help them make informed decisions on economic and trade affairs, a senior official said on Tuesday. Cabinet spokesman Bandula Gunawardena told reporters that the cabinet approved the proposal of President Ranil Wickremesinghe to set up the Sri Lanka Economic and Trade Institute. This will help them to make informed decisions on policy formulation, he said. The legal draftsman would begin work to compile a draft bill, he said. Sri Lanka plunged into its worst economic crisis with the country declaring its first-ever sovereign debt default early this year Analysts said the crisis could
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