Nivard Cabraal new Governor of the Central Bank

Ajith Nivard Cabraal, as announced recently, is the new Governor of the Central Bank of Sri Lanka with his appointment being confirmed by President Mahinda Rajapaksa last week.

Until then, he was an Advisor to President Mahinda Rajapaksa on Economic Affairs as well as Secretary to the Ministry of Plan Implementation.

The President handed over the appointment letter to the new governor last Thursday. Others present on that occasion were President’s Advisor A.H.M.Azwar, Minister Hussain Bhaila, Western Province Governor Alavi Moulana, Minister Sripathi Sooriyarachchi and President’s Secretary Lalith Weeratunga.

Sunil Mendis, the current Governor, tended his resignation recently – with effect from end June – saying he wanted to end his term after two years in a three-year job.

Cabraal held the same post as Advisor on Economic Affairs to the President during his tenure as Prime Minister. Cabraal was closely associated in the development of the “Mahinda Chintana” which currently serves as the Policy Framework and Development Plan of the Government. The Ministry of Plan Implementation is entrusted with the responsibility of implementing the “Mahinda Chintana” in the country over the next six years.

He is a Past President of the Institute of Chartered Accountants of Sri Lanka, South Asian Federation of Accountants and St. Peter’s College Old Boys Union.

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