Central Bank establishes a Stakeholder Engagement Committee

The Central Bank of Sri Lanka (CB), with a view to broadening its engagement with key stakeholders of the economy, has established the Stakeholder Engagement Committee (SEC). It replaces the Monetary Policy Consultative Committee (MPCC) and the Financial System Stability Consultative Committee (FSSCC) of the CB that were in operation previously.

The SEC is chaired by Prof. Sirimal Abeyratne, Professor in Economics, Department of Economics, University of Colombo and comprises the following 17 personalities from the private sector and academia as members.

• Mr. Ashique M Ali, Chairman, Sri Lanka Association for Software Services Companies

• Mr. Kapila P. Ariyaratne, Chairman, Sri Lanka Banks’ Association

• Mr. Sanjaya Bandara, President, Institute of Chartered Accountants of Sri Lanka

• Ms. Dhamitha Cooke, Chief Financial Officer, Stassen Group of Companies

• Dr. Priyanga Dunusinghe, Senior Lecturer, Department of Economics, University of Colombo

• Mr. Priantha Fernando, Chairman, Sri Lanka Tourism Development Authority

• Mr. Murtaza Jafferjee, Chairman, Advocata Institute

• Mr. Christopher Joshua, Managing Director, Access Engineering PLC

• Mr. Rohan Masakorala, Founder, Shippers’ Academy Colombo (Pvt) Ltd

• Mr. Reyaz Mihular, Non-Executive Chairman, Bairaha Farms PLC

• Mr. Ashroff Omar, Chief Executive Officer, Brandix Lanka Limited

• Mr. Lakshman Silva, Former Chief Executive Officer, DFCC Bank PLC

• Mr. Rohan Tennakoon, Chairman, Finance Houses Association of Sri Lanka

• Mr. Rajendra Theagarajah, Past Chairman, Ceylon Chamber of Commerce

• Prof. Lakshman R Watawala, President, Institute of Certified Management Accountants of Sri Lanka

• Dr. Ganeshan Wignaraja, Senior Research Associate

• Mr. Anushka Wijesinha, Economist and Co-Founder, Centre for a Smart Future.

In a media release, the CB said the primary role of this high-level consultative Committee is to represent the views and sentiments of the private sector and academia on economic conditions and the outlook, considering the overall economic development, particularly in the monetary and financial sectors of the economy. Further, the SEC is expected to provide feedback from the viewpoint of the stakeholders of the economy on the policy measures adopted by the CB, thus enabling the CB to make informed policy decisions in a more consultative manner.

The inaugural meeting of the SEC was held on August 10 at the CB premises with the participation of the Governor of the CB, Dr. P. Nandalal Weerasinghe, and senior CB officers.