Independence of CBSL should be protected



The Central Bank of Sri Lanka (CBSL) should not be considered as a development bank and steps should be taken to protect its independence, former Central Bank Governor Indrajit Coomaraswamy said.

Dr. Coomaraswamy said this while speaking at a ceremony held in Colombo.

He further said that regardless of the International Monetary Fund’s (IMF) support, measures should be taken to stabilise the economy.

He also said that consulting the IMF is similar to consulting a doctor and the solutions provided by them can sometimes be unpleasant.


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