The Central Bank of Sri Lanka has established a 17-member stakeholder engagement committee, with a view to broadening its engagement with key stakeholders of the economy.
The SEC will replace the Monetary Policy Consultative Committee and the Financial System Stability Consultative Committee of the CBSL.
The committee will be chaired by Prof. Sirimal Abeyratne, Professor in Economics, Department of Economics, the University of Colombo.
The committee comprises of eminent personalities from the private sector and academia.
The primary role of the 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 also expected to provide feedback from the viewpoint of the stakeholders of the economy on the policy measures adopted by the Central Bank, which will enable the CBSL to make informed policy decisions.