Govt will extend full support to CBSL: President

COLOMBO (News 1st); President Gotabaya Rajapaksa has stated that the Government will extend its full support to carry out the role of the Central Bank independently.

The President made this observation at a meeting with the Governor of the Central Bank Dr. Nandalal Weerasinghe and Member of the Monetary Board Sanjeewa Jayawardena at the President's House in Colombo Fort this morning (28).

The President also commended the actions taken by Governor Nandalal Weerasinghe to control and alleviate the financial crisis within a short period of time.

The CBSL Governor said that the programs being carried out in consultation with the International Monetary Fund, the World Bank and other financial institutions with the contribution of experts in the field of economics has made successful progress.

He also emphasized the action plan taken to control inflation and strengthen the economy.

The President stated that the Government will assist in continuing the process without any political interference, while the Governor of the Central Bank expressed his confidence that the ongoing social and economic stability will be achieved by continuing the ongoing operations.

The President said at the meeting that he was ready to intervene at the level of Heads of State whenever necessary for the success of the ongoing discussions.