President assures CBSL Governor, MB of freedom to act

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President Gotabaya Rajapaksa assured the Governor and the Monetary Board (MB) that they have his fullest and unqualified assurance of freedom to discharge their functions independently and without any extraneous constraints.

He had a meeting on 28 May with the Governor of the Central Bank, Dr. P. Nandalal Weerasinghe and Monetary Board member President’s Counsel Sanjeeva Jayawardena.

At the meeting, the President also sought a briefing on 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 IMF at the technical stage and emphasised the importance of advancing towards securing IMF assistance expeditiously, which would in turn, facilitate the all important, debt re-structuring process.

He also briefed the President of the numerous, multi pronged measures put in place by the Governor, 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 this 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 the 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.