HomeCURRENT AFFAIRSAmid Crisis Sri Lanka Bank Governor Resigns

Sri Lanka is facing the worst economic crisis since its independence. Ajit Nivard Cabral, the Governor of the Central Bank of the country, has resigned from his post amid the current political situation in the country.

Central Bank Governor Ajit Nivard Cabral said, “With reference to the resignation of all cabinet ministers, I have today submitted my resignation as Governor, Central Bank, Sri Lanka to President Gotabaya Rajapaksa,” news agency Reuters reported.

Ajit Nivard Cabral was appointed as the Governor of the Central Bank of Sri Lanka (CBSL) in September 2021. At that time the economy of the country was facing great challenges and foreign exchange reserves were depleting rapidly. He is considered close to Mahinda Rajapaksa. 68-Year-old Cabral is also a founding member of Sri Lanka’s Podujana Peramuna Party (PPP).

Earlier, the country’s President Gotabaya Rajapaksa removed his brother and Finance Minister Basil Rajapaksa from his post. Basil had discussed getting an economic relief package from India to help Sri Lanka deal with the current foreign exchange crisis. Let us tell you that Basil was about to go to America to get a relief package from the International Monetary Fund (IMF).

The current political crisis of the country is also believed to be responsible for this period of uncertainty in Sri Lanka. It is being told that an all-party government can be formed soon in Sri Lanka amid the economic crisis. Leaders of the opposition will also be included in this government. Moving forward in this sequence, the President has appealed to all the parties to join the government.

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