Central Bank assured of full independence and autonomy

President Gotabaya Rajapaksa during a meeting on May 28, with the Governor of the Central Bank Dr. Nandalal Weerasinghe and Monetary Board member Sanjeeva Jayawardena PC, has assured them that they will have his fullest and unqualified assurance of freedom to discharge their functions independently and without any extraneous constraints.At the meeting, the President also sought a briefing of the progress of the IMF programme as well as of the economic recovery process.

The Governor gave a full briefing on the satisfactory progress of the talks with the IMF at the technical stage and emphasised the importance of advancing towards securing an IMF assistance expeditiously, which would in turn facilitate the all-important debt re-structuring process.He also briefed the President of the multi-pronged measures put in place with the support of the Monetary Board, in respect of the economic recovery process.

The President expressed his confidence in these measures and thanked the Governor once again for accepting the post during very trying circumstances.The President also assured an interactive process and indicated that the Governor and the Monetary Board would be accorded any assistance required in his capacity as Head of State, including engaging with his international counterparts at the highest level of state engagement in order to assist Sri Lanka’s economic recovery process.

The Governor thanked the President for reposing his confidence and for the assurance of full independence and autonomy for the Central Bank.Dr. Nandalal Weerasinghe at the beginning of his tenure as new Governor had stressed upon the need for ensuring the independence of the CBSL. “I will take steps to make the CBSL an independent organisation. I have got many assurances that all parties will support me in this endeavour,” he had said at the time.


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