Chairman - Mr. Sumith Abeysinghe
Ex Officio Member - Mr. Ajith Nivard Cabraal, Governer Central Bank
Governor Ajith Nivard Cabraal is the 16th Governor of the Central Bank of Sri Lanka, having assumed duties with effect from 15th of September 2021. Previously, he served as a Member of Parliament and as the State Minister of Money, Capital Markets and State Enterprise Reforms from 12th August 2020 to 13th September 2021. During the brief period Cabraal served as an MP, he made as many as 140 interventions and speeches in Parliament, while as a Minister, he steered the new Colombo Port City Economic Commission Act and the new Securities and Exchange Commission Act in Parliament. Prior to being an MP and Minister, he was the Senior Advisor to the Prime Minister on Economic Affairs from November 2019 to August 2020. From July 2006 to January 2015, Cabraal served as the 12th Governor of the Central Bank of Sri Lanka during which period, he functioned as:
• Alternate Governor of the International Monetary Fund
• Chairman of the South East Asian Central Banks (SEACEN) Board of Governors
• Chairman of the SAARC Central Bank Governors Forum
During the period he served as the 12th Governor, he transformed the Sri Lankan economy from a GDP of USD 24 billion to USD 79 billion, and to being a safe, stable and fast-growing middle income emerging market nation. He also provided leadership to several heavily over-subscribed International Sovereign Bond issues. Under Governor Cabraal’s guidance, Sri Lanka was able to maintain sound and stable macro-economic fundamentals, with inflation being contained to low levels, and financial system stability being achieved in a time of severe global uncertainties and turmoil.
Cabraal was previously the Presidential Advisor on Economic Affairs and Secretary, Ministry of Plan Implementation, and closely associated in the development of the Policy Framework and Development Plan of the Government. He served on the Board of the Strategic Enterprises Management Agency, and as a Member of the Government Team that participated at the Geneva Talks with the Liberation Tigers of Tamil Eelam (LTTE) in February 2006.
Ajith Nivard Cabraal is a Chartered Accountant by profession, having qualified as one of the youngest Chartered Accountants in Sri Lanka, while winning many prizes at the CA examinations.
Prior to his state appointments, Cabraal functioned as a Consultant specializing in Business Revival and Turnarounds, Planning and Corporate Governance. He also served as the President of the Institute of Chartered Accountants of Sri Lanka, and the South Asian Federation of Accountants. Cabraal was an Eisenhower Fellow in the year 2000 Multi-Nation Program, as well.
From 1997 to 1999, he served as the President of the St. Peter's College Old Boys Union while in 2019, he was honoured by the Ramanya Maha Nikaya with the title "Desha Keerthi Lanka Puthra" “දේශ කීර්ති ලංකා පුත්ර” for his outstanding services to the country and the economy.
Governor Cabraal is the author of the books, “Towards a Sri Lankan Renaissance” (2002), "ලක් මවට මුතු ද ාටක්" (2004), and "The Great Bondscam Cover-up" (2019).
He is a voracious reader, an eloquent speaker, a lover of music, and a person with many unique insights and experiences.
Ex Officio Member - Mr. S.R. Attygalle, Secretary to the Treasury
Mr. S.R. Attygalle, assumed duties as Secretary to the Treasury on November 20, 2019. Prior to being appointed as Secretary to the Treasury, since 2013 he was serving the Treasury as a Deputy Secretary to the Treasury. Mr. Attygalle is also a Deputy Governor of the Central Bank of Sri Lanka and has been on release to the Treasury since 2003.
Mr. Attygalle, has over 25 years of experience in both Fiscal and Monetary policy having served in many positions including as Director-General of both the Department of Fiscal Policy and Department of Public Enterprises. He has also served as the Chairman of the National Savings Bank during the period of 31st January 2009 to 07th May 2010 and has also represented the Treasury on the Boards of several key State Owned Enterprises and Statutory Boards including the Bank of Ceylon, National Savings Bank, Sri Lanka Ports Authority and the Airport & Aviation Services in Sri Lanka, Securities and Exchange Commission of Sri Lanka and the Insurance Board of Sri Lanka.
Mr. Attygalle has also represented the Treasury in key committees appointed by the Cabinet of Ministers, including as the Head of the technical team negotiating the Free Trade Agreement with China.
Mr. Attygalle holds a Masters (M.Sc.) Degree in Quantitative Development Economics from the Warwick University, United Kingdom and a Bachelor of Science (B.Sc.) Degree in Physical Science from the University of Colombo.
Member - Mr.Razik Zarook
Mr. Razik Zarook, a Lawyer, Diplomat and former Chairman of a number of Public Corporations, is a senior Attorney at Law, who was enrolled to the Bar in 1969. His management skills came to the limelight when he was appointed Chairman of the Cooperative Wholesale Establishment (CWE) by the then Trade and Shipping Minister late Hon. Lalith Athulathmudali PC. He was given the responsibility of turning around the CWE to become an efficient and viable much sought after consumer organization responsible for the wide distribution of essential commodities without letting any artificial scarcities to be created even during turbulent times.
Under his tenure, the CWE was a model profitable and viable organization having diversified and acquired many assets developing real estates and establishing a number of public quoted companies as Sathosa Motors Limited, Sathosa Printers Limited and Lanka Milk Foods Limited of which he was founder Chairman.
Mr. Zarook, an old boy of St. Servatius College, Matara and Zahira College, Colombo, also held office as Chairman of the Agricultural Development Authority and National Aquatic Research and Development Authority (NARA).
The late H.E. President Ranasinghe Premadasa appointed him as Ambassador to the then Federal Republic of Yugoslavia and thereafter as the first Ambassador to Hungary. Subsequently he was appointed by the late H.E. President D.B. Wijetunga as Sri Lanka’s High Commissioner to Singapore.
He was appointed by H.E. President Mahinda Rajapaksa as Chairman, Bank of Ceylon which is the largest bank in Sri Lanka with a network of international branches and subsidiaries.
Apart from his professional education at the Sri Lanka Law College, Zarook is also an Alumni of the Indian Institute of Management Ahamedabad, The Budapest University of Economic Sciences and The Midwest Consortium Universities of Illinois, Indian, Iowa, Michigan, Minnesota, Ohio, Pennsylvania, Purdue, Wisconsin and the Near East South Asia Center for Strategic Studies of the National Defense University Washington DC.
He is an Honorary Member of the Institute of Management of Sri Lanka and a Past President and Honorary Member of the Sri Lanka Institute of Packaging.
Member - Mr.Sinnathamby Samithamby
Mr. Sinnathamby Samithamby has started his career as a Government Clerical Service in the Head Office of the Department of Buildings, Colombo in 1972. He completed his Higher National Diploma in Accountancy and he holds a LL. B degree also. In 1987 he joined the Sri Lanka Administrative Service. During his Administrative service Career, he has served as the Assistant Government Agent, Divisional Secretary, Special Commissioner of Local Authority, and the District and Provincial Heads of the Departments in various Government Departments. In addition to his capacity as the Head of the Department, he has also served as the counterpart stakeholder position for the implementation of various Special projects and programmes funded by the International funding agencies with the collaboration of the Sri Lankan Government, mainly; the Batticaloa Integrated Rehabilitation and Reconstruction Programme (BIRRP) funded by the NORAD – Norwegian Government, National Irrigation Rehabilitation Project (NIRP) funded by the World Bank, World Food Programme (WFP) funded by the United Nations, Food Security Conflict Transformation Programme (FSCT) funded by the German Technical Corporation (GTZ) and Japan Green Resource Agency (J.Green) funded by the Japanese Government.
He had served as the Managerial positions in a number of Special Development, Rehabilitation and Reconstruction programmes and projects funded by the various International Funding Agencies with the collaboration of the Sri Lankan Government, namely: North East Coastal Community Development Project (NECCDEP) and the Tsunami Affected Areas Rebuilding Project (TAARP) funded by the Asian Development Bank, North East Irrigation and Agricultural Project ((NEIAP) funded by the World Bank, North East Housing Reconstruction Programme (NEHRP) funded by the International Development Association (IDA) and European Union (EU). His professional achievement includes the awards were presented to him in recognition of outstanding contribution to the Nation towards improving the Food Security and for the sustainable Agriculture in Sri Lanka by the Resident Representative of UN Sri Lanka and by the Ministry of Agriculture, Livestock, Lands and Irrigation. He was appointed for the post of Information and Education Specialist (IES) in the World Bank Housing Programme to recognition of the performance towards promoting sound people management and participatory Rural Appraisal in the grass root level.
He also served as a panel member of the Evaluation team to evaluate of several projects and programmes implemented under the foreign and local funds and the disciplinary inquiries of the public officers in the district and provincial levels. He was a Legal Adviser and Financial Management Consultant of the Consortium of non-governmental organizations and held a Leadership positions in some charity organizations. He has acted as a Legal Adviser and an Executive Committee member of the House of Human Rights Sri Lanka and a resource person who has conducted several training programmes, workshops and Counseling for Staff and community based organizations and for the target and pressure groups.
He was awarded for successfully completed the several Courses of Studies and many training Programmes and workshops conducted by the International and National Levels professional Institutes mainly on the Project management process, , Gender issues, Sustainable development and Environment Mitigation, Resource profile and Resource Management, poverty alleviation and sustainable livelihoods activities, Rural Finance, People participatory Rural Appraisal, Small scale Rural Entrepreneurship Development, System Approach to Evaluation/ using system tools in evaluation situation, Participating evaluation and development/ Ten seeds techniques - A versatile tool, Coastal resource management planning, User - friendly practical statistical methods in evaluation and Outgoing mapping etc.