Gotabaya should look for another Dr. Indrajit

Tuesday, 24 December 2019 00:00 - - {{hitsCtrl.values.hits}}

The popular business paper Daily FT announced the self-retirement of the Governor of the Central Bank of Sri Lanka.

A man of unquestionable integrity. Overall he was a gentlemen and technically competent. He knew the subject inside out and he never compromised on his principles. He never attacked any one and never attempted to destroy anyone. Like in the past. His only weakness he could have done much more to help the economy to do better.

His leadership to the economy after the Easter Sunday attacks was praise worthy, given that the President and Prime Minister did not see eye to eye on many affairs of the Government. The EPF was not ransacked during his time and he dealt with all issues in a professional manner.

We have had a sorry history of CBSL playing politics with the financial sector from director appointments to lending. He put a full stop to all that.

He inherited a bank marred with controversy and people were disgusted with the bank. He brought dignity to his office. He was approachable and showed immense maturity in his conduct. His many speeches were well thought through.

Let us hope the new President who has promised professionalism brings in a true professional who knows the subject to lead the Central Bank, without politicising it once more like in the past.

The Central Bank should not become another vehicle for the State to influence the economy and hurt business, instead the CBSL should be the independent economic advisors to the Government.

Ronald

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