Bond Report Given to CB Governor to Implement Recommendations

President’s Secretary has handed over  a copy of the Bond Commission’s report on Wednesday (10) on Wednesday to Central Bank Governor Indrajit Coomaraswamy , which was acknowledged by the Central Bank.

Now the Governor is  entrusted with  the task of  implementing recommendations contained in the Report.

“The Central Bank (CB) has already implemented some of the recommendations therein, while measures have already been initiated to implement most of the other recommendations. The Monetary Board has consulted the Attorney General, as appropriate, in the actions it has taken. It considers its appropriate to keep the public informed of the status of actions and initiatives that have or are being taken on the recommendations made in the Report and to generally improve transparency in the management of public debt and the Employees Provident Fund (EPF). The report is continuing to be studied and the Monetary Board will initiate further actions, as appropriate,” the statement said.