Sri Lanka to confirm Mahendran as central bank governor soon

COLOMBO (EconomyNext) – The appointment of Arjuna Mahendran as the governor of the Central Bank of Sri Lanka will be confirmed within the next few days, deputy minister of planning Harsha De Silva said.

Mahendran last week visited the Central Bank and had discussions with top officials there.

Former governor Ajith Nivard Cabraal held the post for nine years and resigned after Mahinda Rajapaksa lost his presidential bid for an unprecedented third term in the January 8 poll.

Cabraal’s critics claim that the central bank was heavily politicized under his watch and spent large sums of money on activities outside the scope of the central bank.

New president Maithripala Sirisena’s administration has vowed to correct data of the central bank that some believe to be suspect.

 

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