Controversy over CBSL’s Dy Govs’ pre-retirement leave approval

By Ishara Gamage | Published: 2:00 AM Sep 19 2020
FT Controversy over CBSL’s Dy Govs’ pre-retirement leave approval

By Ishara Gamage

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has approved the pre-retirement leave of Dr. Nandalal Weerasinghe, Senior Deputy Governor of the Central Bank of Sri Lanka and H. A. Karunaratne, Deputy Governor of the Central Bank, a Central Bank spokesman said. Accordingly, H. A. Karunaratne has already taken pre-retirement leave and Dr. Nandalal Weerasinghe is scheduled to take such pre-retirement leave soon, he said.

“As a tradition past Governors of the Central Bank have so far not approved the pre-retirement leave of any of the Deputy Governors while requesting them to stay with the CBSL until their retirement date. We are surprised that the present top hierarchy of CBSL approved this pre-retirement leave given to Dr. Nandalal Weerasinghe, currently the most senior economist at the Central Bank and H.A. Karunaratne,” he said. Dr. Nandalal Weerasinghe’s services are essential at the moment as the country is facing a severe economic crisis at present. He said the relevant vacancies could not be filled officially during their pre-retirement period. 

Meanwhile, relevant sources said that applications have been called from among the most senior officials of the Central Bank to fill vacancies left by the two Deputy Governors.

Accordingly, the names of Assistant Governors N. W. G. R. D. Nanayakkara and J. P. R. Karunaratne are reported to be in the forefront.

By Ishara Gamage | Published: 2:00 AM Sep 19 2020

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