Sri Lanka’s State Ministry of Money & Capital Markets abolished

ECONOMYNEXT – Sri Lanka’s State Ministry of Money and Capital Markets and State Enterprise Reform portfolio has been abolished following the resignation of former MP Ajith Nivard Cabraal who held the portfolio.

A gazette notification was issued on Wednesday (06) announcing that the state ministry’s functions and duties have been brought under the purview of the Ministry of Finance.

The portfolio was left by the recent resignation of Cabraal who was subsequently appointed by President Gotabaya Rajapaksa as the Governor of the Central Bank of Sri Lanka, a position he had previously held for nine years.

Cabraal replaced former governor W D Lakshman who resigned from his position in early September. (Colombo/Oct07/2021)

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