Sri Lanka on Thursday decided to make public details of the funds it has received from various donors and their accountability, according to a press release from the President's Office.
A meeting of the all-party High Level Committee of Disaster Relief decided to publish in newspapers the names of people and organizations that have made donations, the press release said.
Most of these donations and the funds accrued to the special President's Fund for Disaster Relief will be utilized on housing projects for those who have lost their dwellings in the Dec. 26 tsunami disaster.
The possible negative effects of mismanagement of the vast inflow of finances were also discussed during the meeting, according to the release.
The Treasury and the External Resources Department of the Ministry of Finance and the Ministry of Foreign Affairs have set up a new mechanism to receive local and foreign funds, it said.
These resources will be diverted to projects already identified and all donors and NGOs are expected to follow the guidelines soon to be issued by the Ministry of Finance.
The committee also resolved during the meeting to replace or appoint additional staff where officials were found to be apathetic, the release said.