{"id":56265,"date":"2016-07-05T14:01:27","date_gmt":"2016-07-05T20:01:27","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=56265"},"modified":"2016-07-04T15:23:08","modified_gmt":"2016-07-04T22:23:08","slug":"cbsls-new-governor-outlines-banks-prime-aims-in-address-to-staff","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2016\/07\/05\/cbsls-new-governor-outlines-banks-prime-aims-in-address-to-staff\/","title":{"rendered":"CBSL\u2019s new Governor outlines Bank&#8217;s prime aims in address to staff"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>By Hiran H.Senewiratne\u00a0Courtesy The Island<\/em><\/span><\/h2>\n<p>The new Governor of the Central Bank Dr. Indrajit Coomaraswamy said that the primary objectives of the Bank will be to ensure macro-economic and local financial stability.<\/p>\n<p>&#8220;During Sri Lanka&#8217;s post-independence history, politics have interfered in economics. The Central Bank needs to convince politicians that good economics is good politics and find a way to give the correct advice to the government to steer the country forward, Coomaraswamy said while making his maiden address to the Bank&#8217;s staff after taking office as Central Bank Governor, at the CBSL head office in Colombo.<\/p>\n<p>According to some of those who were present on the occasion, the Governor revealed that the President had advised him to take &#8216;straightforward decisions with no fear. Furthermore, the Prime Minister had informed him about the need to have in mind the vision for the country&#8217;s future.<\/p>\n<p>Coomaraswamy recalled that the Central Bank had &#8216;an awesome reputation&#8217; in the 1970s, when he first joined it. He asked the staff to work with him as a team to build the reputation and credibility of the Bank.<\/p>\n<p>Joining the Central Bank of Sri Lanka in 1973, Coomaraswamy served in the Economic Research, Statistics and Bank Supervision Divisions, as a staff officer until 1989. From 1981 to 1989 he was also seconded to the Ministry of Finance and Planning.<\/p>\n<p>Thereafter, he worked for the Commonwealth Secretariat from 1990-2008, holding the posts of Director, Economic Affairs Division and Deputy-Director, Secretary-General&#8217;s Office. He was brought back subsequently to the Commonwealth Secretariat to head the Social Transformation Programme Division, as Interim Director.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Hiran H.Senewiratne\u00a0Courtesy The Island The new Governor of the Central Bank Dr. Indrajit Coomaraswamy said that the primary objectives of the Bank will be to ensure macro-economic and local financial stability. &#8220;During Sri Lanka&#8217;s post-independence history, politics have interfered in economics. The Central Bank needs to convince politicians that good economics is good politics [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-56265","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/56265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=56265"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/56265\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=56265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=56265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=56265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}