{"id":47133,"date":"2016-06-25T20:41:41","date_gmt":"2016-06-26T00:41:41","guid":{"rendered":"http:\/\/dbsjeyaraj.com\/dbsj\/?p=47133"},"modified":"2016-06-25T20:41:41","modified_gmt":"2016-06-26T00:41:41","slug":"p-samarasiri-likely-to-become-central-bank-governor-as-incumbent-arjuna-mahendran-decides-not-to-seek-re-appointment","status":"publish","type":"post","link":"https:\/\/dbsjeyaraj.com\/dbsj\/?p=47133","title":{"rendered":"P.Samarasiri Likely to Become Central Bank Governor as Incumbent Arjuna Mahendran Decides not to Seek Re-appointment"},"content":{"rendered":"

By Chandani Jayatilleke<\/strong><\/p>\n

A senior Deputy Governor currently serving in the Central Bank is likely to be appointed to head the bank, as incumbent Governor Arjuna Mahendran has decided not to seek a re-appointment until the conclusion of investigations.<\/p>\n

Deputy Governor P. Samarasiri is currently the front-runner for the post, top Central Bank sources told the Sunday Observer, on Saturday. The appointment is to be announced by President Maithripala Sirisena, next week.<\/p>\n

Mahendran, last Friday, informed the Monetary Board at its meeting that he would not be seeking reappointment as Governor of the Central Bank when his term finishes on June 30, 2016 until the Parliamentary Committee on Public Enterprises (COPE) makes its findings known on issues related to the issuance of Treasury Bonds in the years 2015 and 2016.<\/p>\n

<\/p>\n

A source close to the incumbent Governor told the Sunday Observer Mahendran is the most suitable candidate to run the Central Bank. \u201cHe is well connected with the global financial world. And his return to the country at a time of difficulty to do an extremely difficult job was a sacrifice he made in his career.\u201d<\/p>\n

He added that since Mahendran took up the top job of the Central Bank, he negotiated with international donors and got loans up to 4.8 billion dollars to the country. There was not enough money in the coffers to finance the reforms.<\/p>\n

\u201cEspecially the negotiations he and the Sri Lanka team had with IMF were quiet tough. But the Governor\u2019s involvement in talks was crucial,\u201d the source said.<\/p>\n

They said Mahendran would only return to the post if the investigations cleared his name.<\/p>\n

A financial analyst said although there are allegations against the governor, no proper investigation has been done so far to prove the allegations.<\/p>\n

However, a corporate leader said that a proper process of appointment \u2013 should follow, if the government wants to appoint a new governor at the end of Mahendran\u2019s term.<\/p>\n

Although some speculate that an Acting Governor would be appointed until Mahendran\u2019s return, a senior Central Bank official said there was no provision for such a measure.<\/p>\n

\u201cAn Acting Governor can be appointed only when the Governor takes leave or goes abroad. This is a different situation,\u201d he said.<\/p>\n

Courtesy:Sunday Observer<\/em><\/p>\n

Tweet<\/a><\/div>","protected":false},"excerpt":{"rendered":"

By Chandani Jayatilleke A senior Deputy Governor currently serving in the Central Bank is likely to be appointed to head the bank, as incumbent Governor Arjuna Mahendran has decided not to seek a re-appointment until the conclusion of investigations. Deputy Governor P. Samarasiri is currently the front-runner for the post, top Central Bank sources told …<\/p>\n

Continue reading ‘P.Samarasiri Likely to Become Central Bank Governor as Incumbent Arjuna Mahendran Decides not to Seek Re-appointment’ »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/47133"}],"collection":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47133"}],"version-history":[{"count":1,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/47133\/revisions"}],"predecessor-version":[{"id":47134,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/47133\/revisions\/47134"}],"wp:attachment":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}