CB Governor to address Parliament on SL’s economic health

Date:

September 03, Colombo (LNW): Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe today (03) will provide a comprehensive briefing to all Members of Parliament on the nation’s current financial status.

This special session was announced by Speaker Mahinda Yapa Abeywardena, highlighting its importance in keeping lawmakers informed of the country’s economic trajectory.

This briefing is set to take place as part of the provisions outlined in the Central Bank Amendment Bill, which was passed by Parliament in 2023. The amendment mandates regular updates from the Central Bank to ensure transparency and enhance parliamentary oversight of financial matters.

The initiative is seen as a crucial step in fostering informed decision-making and promoting accountability within the legislative process.

Governor Weerasinghe’s address is expected to cover a range of topics, including recent economic developments, fiscal policies, and the overall financial performance of the country.

With Sri Lanka navigating a challenging economic landscape, the briefing aims to equip MPs with the necessary insights to address ongoing economic issues effectively.

The session will also provide a platform for MPs to engage directly with the Central Bank Chief, allowing for a constructive exchange of ideas and concerns regarding the country’s financial direction.

Share post:

spot_imgspot_img

Popular

More like this
Related

A Strategic Imperative: Restoring the Medical Backbone of the Sri Lanka Army

Narahenpita Military Hospital, an establishment critical in providing a...

Shame on You JVP – Your Slip is Showing

By Adolf  The JVP has long built its political identity...

Sri Lanka’s Banks Show Strength on Paper as Reserves Slip Backward

Sri Lanka’s banking sector, long considered the backbone of...

Colombo Port Gridlock Threatens Sri Lanka’s Export Competitiveness

Sri Lankan exporters are once again facing mounting uncertainty...