Former Finance Minister Ronnie de Mel Passes Away
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Source : Dæhæna – March 2024
Ronnie de Mel (Ronald Joseph Godfrey de Mel), the visionary figure credited with the introduction of Sri Lanka’s open economy in 1978, passed away on 27 February at the age of 99.
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Assuming the role of Finance Minister within the cabinet of the late President J.R. Jayawardene in 1977, Ronnie de Mel spearheaded the transformation towards an open economic model in Sri Lanka. His bold initiatives paved the way for significant economic reforms that reshaped the nation’s economic landscape.
Mr. de Mel holds the distinction of being the longest-serving Finance Minister in Sri Lanka’s history, having presented a record number of budgets from 1977 to 1987. His tenure was marked by notable efforts to modernise and streamline the country’s fiscal policies, leaving a lasting impact on Sri Lanka’s economic trajectory.
A political journey that began with the Sri Lanka Freedom Party (SLFP) saw Ronnie de Mel later aligning with the United National Party (UNP), where his strategic vision and deep understanding of economic principles continued to guide national policies.
The passing of Ronnie de Mel marks the end of an era for Sri Lanka’s economic history, leaving behind a legacy of innovation and progress that will endure in the annals of the nation’s development.
Courtesy: https://www.hirunews.lk/
