Local News Update: Sri Lankan central bank Governor Indrajit Coomaraswamy said he submitted his resignation earlier this month and plans to leave his post in December. The decision was due to personal reasons and not related to recent political changes following last week’s election, Coomaraswamy said by phone from Colombo. He’ll chair his final monetary policy decision on Nov. 29 and leave the bank on Dec. 20, he said.
Coomaraswamy joined the Central Bank of Sri Lanka in 1973, working as a staff officer in its Economic Research, Statistics and Bank Supervision divisions until 1989. He was seconded to the Ministry of Finance and Planning between 1981 and 1989 to provide advice on macroeconomic issues and structural reforms.
He worked at the Commonwealth Secretariat from 1990 to 2008, holding various posts including Chief Officer, Economics in the International Finance and Markets Section; Director of the Economic Affairs Division; and Deputy-Director of the Secretary-General’s Office. He was an advisor to Prime Minister Ranil Wickremesinghe and Project Minister of Economic Reforms, Science and Technology Milinda Moragoda between 2001 and 2002.
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