CB announces establishment of Stakeholder Engagement Committee

The inaugural meeting of the SEC held on August 10 at the Central Bank premises with the participation of Central Bank Governor Dr. P. Nandalal Weerasinghe and senior Central Bank officers

To replace Monetary Policy Consultative Committee and Financial System Stability Consultative Committee
Chaired by Prof. Sirimal Abeyratne and comprises of 17 eminent personalities from private sector and academia as members With a view to broadening its engagement with key stakeholders of the economy, the Central Bank last Friday announced the establishment of the Stakeholder Engagement Committee (SEC) by replacing the Monetary Policy Consultative Committee (MPCC) and the Financial System Stability Consultative Committee (FSSCC) that were in operation previously. 

The SEC is chaired by Prof. Sirimal Abeyratne, Professor in Economics, Department of Economics, University of Colombo and comprises of 17 eminent personalities from the private sector and academia as members.

The members are: Ashique M. Ali, Chairman, Sri Lanka Association for Software Services Companies; Kapila P Ariyaratne, Chairman, Sri Lanka Banks’ Association; Sanjaya Bandara, President, Institute of Chartered Accountants of Sri Lanka; Dhamitha Cooke, Chief Financial Officer, Stassen Group of Companies; Dr. Priyanga Dunusinghe, Senior Lecturer, Department of Economics, University of Colombo; Priantha Fernando, Chairman, Sri Lanka Tourism Development Authority; Murtaza Jafferjee, Chairman, Advocata Institute; Christopher Joshua, Managing Director, Access Engineering PLC; Rohan Masakorala, Founder, Shippers’ Academy Colombo (Pvt) Ltd; Reyaz Mihular, Non-Executive Chairman, Bairaha Farms PLC; Ashroff Omar, Chief Executive Officer, Brandix Lanka Limited; Lakshman Silva, Former Chief Executive Officer, DFCC Bank PLC; Rohan Tennakoon, Chairman, Finance Houses Association of Sri Lanka; Rajendra Theagarajah, Past Chairman, Ceylon Chamber of Commerce; Prof. Lakshman R.  Watawala, President, Institute of Certified Management Accountants of Sri Lanka; Dr. Ganeshan Wignaraja, Senior Research Associate and Anushka Wijesinha, Economist and Co-Founder, Centre for a Smart Future. 

“The primary role of this high-level consultative Committee is to represent the views and sentiments of the private sector and academia on economic conditions and outlook, considering the overall economic development, particularly in the monetary and financial sectors of the economy,” the Central Bank said.
Further, the SEC is expected to provide feedback from the viewpoint of stakeholders of the economy on the policy measures adopted by the Central Bank, thus enabling the Central Bank to make informed policy decisions in a more consultative manner.