Singapore Monetary Authority officials visit SL to collaborate in digital economy field

High Commissioner of Sri Lanka Senarath Dissanayake met with Monetary Authority of Singapore (MAS) Chief Fintech Officer Sopnendu Mohanthy and his team on June 21, 2024, at the Monetary Authority of Singapore, prior to the visit of the fintech delegation to Sri Lanka from June 25 to 27, to participate in the Digi Econ Global Investment Summit organised by the Technology Ministry, Sri Lanka. 

The high commissioner highlighted the importance of this visit to Sri Lanka as Digi Econ Global Investment Summit 2024 unveils Sri Lanka’s roadmap for tech-driven progress, exploring opportunities in cutting-edge fields alongside Sri Lanka’s commitment to sustainability and inclusivity. The high commissioner also briefed the team on the programme that has been arranged by the High Commission during their stay in Sri Lanka. 

The fintech delegation comprises Mohanthy, Alvinder Singh, Deputy Director of the MAS, Dato Paul Supramaniam, Founder of Law Asia and Senior Advisor to Board of Elevandi and Preeti Dawra, Director of Global Marketing and Strategy in the International Engagement Unit of the President’s Office at Nanyang Technology University and Advisor to Board of Elevandi.

Mohanthy is also Chairman of Board of Elevandi, which is a nonprofit organisation set up by MAS, that engages with leaders from government, businesses, academia and civil society to foster international collaborations on technology innovation, application and adoption.

At the Digi Econ Global Investment Summit on June 25, 2024, Mohanty was expected to join the panel discussion titled ‘New Models of Investment Accelerating Digital Transformation’ on the invitation extended by State Minister of Technology Kanaka Herath. 

The delegation is also scheduled to meet the president of Sri Lanka, to discuss possible collaborative opportunities in the fields of digital public infrastructure, global connectivity for small and medium enterprises and sustainable finance.

Singh and Supramaniam, Senior Advisor of Board of Elevandi, attended the meeting on June 21. Minister Commercial Yasantha Yaddehi of the High Commission was also present.