ECONOMYNEXT – Sri Lanka’s central bank has appointed representatives from a private sector firms representing exporters, industries, services and protectionist rent seeking sectors into a monetary policy consultative committee.
The full statement is reproduced below.
Reconstitution of the Monetary Policy Consultative Committee
The Monetary Policy Consultative Committee (MPCC) of the Central Bank of Sri Lanka has been reconstituted with effect from 5 October 2021. The reconstituted MPCC comprises 12 eminent personalities from the private sector and academia and is chaired by Mr. Sunil Lankathilake, Former Deputy Governor of the Central Bank of Sri Lanka and a Member of the Securities and Exchange Commission of Sri Lanka.
The other members are Mrs. Dhamitha Cooke, Chief Financial Officer, Stassen Group of Companies; Mr. Niranjan Dissanayake, Chairman, Import Section of the Ceylon Chamber of Commerce; Mr. Christopher Joshua, Managing Director, Access Engineering PLC; Prof. Sunanda Madduma Bandara, Professor of Economics; Mr. Ashroff Omar, Chief Executive Officer, Brandix Lanka Limited; Mr. Ashok Pathirage, Chairman/ Managing Director, Softlogic Group; Mr. Dhammika Perera, Chairman, Vallibel One PLC and Co-Chairman, Hayleys PLC; Mr. Jeyam Perumal, Chairman, Mainettech Lanka (Pvt) Ltd; Dr. Kulatunga Rajapaksa, Emeritus Managing Director, DSI Samson Group; Mr. Rusiripala Tennekone, Retired Senior Banker; and Ms. Kasturi Chellaraja Wilson, Group Chief Executive Officer, Hemas Holdings PLC.
The primary role of this high-level Consultative Committee is to represent the views and sentiments of the private sector and academia on developments in the monetary policymaking process, thereby enabling the Central Bank to make informed monetary policy decisions in a more consultative manner.
The Economic Research Department of the Central Bank of Sri Lanka, which serves as the Secretariat of the Monetary Policy Committee (MPC), also serves as the Secretariat of the MPCC.