CBSL to clarify before CoPF today

Tuesday, 5 March 2024 01:46 - - {{hitsCtrl.values.hits}}

The officials of the Governing Board of the Central Bank of Sri Lanka (CBSL) to clarify its position regarding the recent steep staff pay hike and to the Committee on Public Finance (CoPF) today.

In a statement issued last week, the CBSL noted that the Governor has submitted a written request on 22 February via a formal request to the Minister of Finance, through whom the CBSL normally communicates with Parliament, to seek an opportunity to apprise the Members of the Parliament through an appropriate parliamentary committee of the process and rationale pertaining to the recent revision of remuneration of CBSL staff.

The CBSL also added that the latest revision of remuneration of employees of the CBSL that were approved by the Governing Board under the triennial Collective Agreement entered into with the Trade Unions covering the period 2024-2026.