No coordination between Govt and CB - COPF | Daily News

No coordination between Govt and CB - COPF

It has been revealed at the Parliamentary Committee on Public Finance (COPF) that there was no proper coordination between the Government and the Central Bank when decisions are made with regard to the country’s economy.

This was revealed during inquiries made by the Committee from Central Bank Governor Dr. Nandalal Weerasinghe, former Governors Ajith Nivard Cabraal, Prof W. D. Lakshman, Finance Ministry Secretary Mahinda Siriwardena and former Secretary to the President Dr. P. B. Jayasundera.

They were summoned before the Committee chaired by Parliamentarian Anura Priyadarshana Yapa yesterday. The Committee has initiated investigations to ascertain whether the decisions of institutions including the Central Bank have contributed to the present economic crisis.

 


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