164. Powers, duties and functions of the Institute

The powers, duties and functions of the Institute shall be –

to initiate, promote and facilitate measures for development of knowledge and skills in economics, international finance and international trade studies among parliamentarians, public officers as may be specified by rules and representatives of the private sector;

to arrange seminars, lectures, face-to-face training, study tours, practitioner exchanges, peer-learning and other modes for the dissemination of knowledge in economics, international finance and international trade among parliamentarians, senior public officials and representatives of the private sector;

to foster dialogue and partnerships in the field of studies of economics, international finance and international trade among political leaders, public officers, academia, business leaders, donor agencies and members of global institutions;

to liaise with leaders of locally and globally reputed

to undertake training and research on behalf of

to receive grants, gifts or donations in cash or kind:

to open and maintain any account with any bank as it may think appropriate and such account shall be operated in accordance with prevailing applicable written laws;

to manage, control, administer and operate the Fund of the Institute;

to invest such amount of money belonging to the

to purchase, hold, take or give on lease or hire, mortgage, pledge, sell or otherwise dispose of any movable or immovable property;

to enter into and perform either directly or indirectly through any officer or agent of the Institute, all such contracts or agreements as may be necessary, for the exercise of the powers, performance of its duties and the discharge of its functions;

to make rules in respect of the administration of the affairs of the Institute;

to levy fees or charges for any service rendered by the Institute;

to appoint, employ, remunerate and exercise disciplinary control over, such officers, servants and agents as may be necessary for the carrying out the objects of the Institute;

to train officers and employees of the Institute within or outside Sri Lanka; and

do all such other acts which may be incidental or conducive to the attainment of the objects of this