Ajith Nivard Cabraal has assumed duties as the new Governor of the Central Bank of Sri Lanka.
He is the 16th Governor of the Central Bank.
Former State Minister Ajith Nivard Cabraal received his letter of appointment from President Gotabaya Rajapksa at the Presidential Secretariat earlier today.
He also held the post of the Central Bank Governor during the period between 2006 and 2015.
Issuing a statement, Ajith Nivard Cabraal assured that the economy will be steered towards continued stability.
Governor Cabraal said he looks forward to the close cooperation of those at the Central Bank as well the support of all stakeholders.
He claimed the government, bankers, importers, exporters, lenders, borrowers, investors, developers, service providers, industrial businesses, exchange houses, retailers, wholesalers and most importantly, the people of Sri Lanka must experience economic stability.
Cabraal said it is then that undue fears are allayed, and damaging expectations are not escalated.
To achieve this objective, the Governor said the Central Bank will need to provide clear and firm guidance to all economic stakeholders particularly at turbulent times, such as the current times.
Therefore, he said the Central Bank’s first and urgent priority under his watch, will be to provide clarity with regard to the movement of Sri Lanka’s macroeconomic fundamentals in the desired path and thereby ensure stability in the financial sector.