Lankan President assures Central Bank Governor full freedom

May 29, 2022

Sri Lankan President Gotabaya Rajapaksa on Friday assured the Governor of the Central Bank, Dr.P. Nandalal Weerasinghe and Monetary Board member SanjeevaJayawardena, his “fullest and unqualified assurance of freedom to discharge their functions independently and without any extraneous constraints,” a release from the President’s Media Division said. The President sought a briefing of the progress of the IMF program, 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 technical stage and emphasized the importance of advancing towards securing an IMF assistance expeditiously, which would in turn, facilitate the all-important, debt re-structuring process. The Governor briefed the President about the numerous, multi-pronged measures put in place by the Central Bank, with the support of the Monetary Board, in respect of the economic recovery process. The President expressed confidence in these measures and thanked the Weerasinghe foraccepting the post of Governor under very trying circumstances. The President also assured an interactive process and indicated that the Governor and the Monetary Board would be accorded all assistance required in his capacity as the Head of State, including engaging with his international counterparts, at the highest level of engagement, in order to assist Sri Lanka’s economic recovery process. The Governor thanked the President for reposing confidence in him and for the assurance of full independence and autonomy of the Central Bank.

Lankan President assures Central Bank Governor full freedom

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