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Indrajit Coomaraswamy to return to post of CBSL Governor, Weerasinghe unwilling to step aside?

Sri Lanka’s economic recovery is reliant on the support of the international community. This has been demonstrated through the fact that the shortages of essential items such as food, medicine and fuel is being addressed through the support of India.

Prime Minister Ranil Wickremesinghe’s appointment as Prime Minister to head the interim administration was welcomed due to the fact that he holds credibility and support amongst the international community. Government sources have now confirmed that the new administration has sought out the assistance of other key individuals within Sri Lanka who could help muster international support. One respected individual is former Central Bank Governor Dr. Indrajit Coomaraswamy.

The former Governor was most recently appointed to an advisory committee which was tasked with assisting the Government with negotiations with the IMF. These sources have now confirmed that the new administration has made moves to re-appoint Dr. Coomaraswamy as Central Bank Governor. Despite the best efforts made by the current Central Bank Governor, Dr. Nandalal Weerasinghe in assisting the Government, the Government and international diplomats have indicated that Dr. Coomaraswamy would bring greater credibility and stability to the new administration.

Dr. Weerasinghe, who was approached for the post of Governor, following the failure of the previous Rajapaksa Government to find an alternative, has now indicated he is not willing to step aside for Dr. Coomaraswamy.

In fact sources have confirmed that the Governor has sought the support of close allies to the President to prevent his removal.

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