New member appointments to Governing Board of CBSL

in terms of the provisions of the Central Bank of Sri Lanka (CBSL) Act, No. 16 of 2023, the Governing Board (GB) of CBSL has been established as the body responsible for overseeing the administration and management of the affairs of CBSL and determination of the general policies of CBSL.

Sanjeeva Jayawardena P.C. and A N Fonseka who were appointed members of MB with effect from June 29, 2021 and July, 27, 2022, respectively, continued to be the members of GB.

However, Dr. Ranee Jayamaha who was a member of MB since July 29, 2020 tendered her resignation from MB with effect from September 12, 2023, and therefore was not a member of GB. Sanjeeva Jayawardena P.C., Appointed Member who continued as a member of GB tendered his resignation with effect from November 05, 2023.

Accordingly, both Dr. Jayamaha and Jayawardena submitted their resignations well before the Supreme Court made its final judgement on November 14, 2023 with regard to the Fundamental Rights Case filed on Economic Crisis.

The present GB of CBSL consists of Dr. P Nandalal Weerasinghe as the Chairman of GB and the Governor of CBSL.

The newly appointed members are: 1. Dr. Ravi Ratnayake (appointed on September 21, 2023) was a Chief Economist for the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and former Director of Trade and Investment of the United Nations, He had also been a Consultant to the World Bank, Asian Development Bank, UN, United States Agency for International Development and Food and Agriculture Organization.)

2. Anushka S. Wijesinha (appointed on September 21, 2023) is an economist with experience in the Government, private sector and think tanks. He is the Co-founder/Director of public policy think, Centre for a Smart Future and has been an International Consultant for advisory projects in Mongolia, Pakistan, Myanmar, Maldives, and Iran.)

3. Vish Govindasamy (appointed on October 26, 2023) holds an MBA and a BSc in Electrical Engineering from the University of Hartford, USA. With over 26 years at its helm, Govindasamy is the Group Managing Director of Sunshine Holdings PLC. He is the immediate past Chairman of the Ceylon Chamber of Commerce and the Employers Federation of Ceylon.).

The President has also appointed Dr. Dushni Weerakoon and Dr. Priyanga Dunusinghe as Members of MPB of the Central Bank of Sri Lanka with effect from September 21, 2023 in terms of Section 15 of the CBSL Act with the approval of the Constitutional Council.

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