Ajith Nivard Cabraal

Ajith Nivard Cabraal (born 14 December 1954) is a former governor of the Central Bank of Sri Lanka, holding the post from 1 July 2006 until his resignation on 9 January 2015.[1][2]

Ajith Nivard Cabraal
Governor of the Central Bank of Sri Lanka
In office
1 July 2006 – 9 January 2015
Preceded bySunil Mendis
Succeeded byArjuna Mahendran
Personal details
Born (1954-12-14) 14 December 1954
Colombo, Ceylon
NationalitySri Lankan
Spouse(s)Roshini Cabraal
Alma materSt Peter's College, Colombo & St. Sebastian's College, Moratuwa
ProfessionAccountant

Career

Accountant and consultant

As an accountancy student in Colombo, Cabraal met Mahinda Rajapaksa, who was studying law at Sri Lanka Law College.[3] In 2000 he gained an Eisenhower Fellowship.[4]

Until 2005, Cabraal had a management consulting company (Cabraal Consulting Group) specialized on corporate governance (strategic planning, mediation) and turnarounds and served at various times as president or board member of various organizations and institutions of a professional or regulatory nature. (Institute of Chartered Accountants of Sri Lanka, South Asian Federation of Accountants, Business Recovery and Insolvency Practitioners Association of Sri Lanka, National Institute of Business Management, Postgraduate Institute of Management, University of Moratuwa, Securities and Exchange Commission of Sri Lanka, the Strategic Enterprises Management Agency, Sri Lanka Accounting and Auditing Standards Monitoring Board, Committee on Corporate Governance in Sri Lanka)[5][6] In 1996–1999 he was also the president of the St Peter's College Old Boys' Union.[7]

Cabraal was chief economic advisor to Mahinda Rajapaksa during the latter's term as prime minister, contributing to his manifesto (Mahinda Chintana).[1] In 2005, Cabraal resigned from all his private positions to work full-time for the government.[6] In February 2006, Cabraal was involved in talks with the Tamil Tigers in Geneva.[6]

Governor of the Central Bank

Effective July 2006, Cabraal was appointed governor of the Central Bank of Sri Lanka. The beginning of Sri Lanka's economic recovery after the end of the civil war fell into his term.

He has resigned so that the new President of Sri Lanka can appoint a new Governor of the Central Bank of Sri Lanka.

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References
  1. "PROFILE-Sri Lanka's Central Bank Governor Ajith Nivard Cabraal". Reuters.com. Reuters. Retrieved 30 December 2017.
  2. "Press Release: Governor Ajith Nivard Cabraal – 2006 to 2015" (PDF). CBSL.gov.lk. Central Bank of Sri Lanka. Archived from the original (PDF) on 2016-07-06. Retrieved 30 December 2017.
  3. Bahree, Megha (29 April 2010). "Sri Lanka: Ready For Business". Forbes.
  4. Multi nation program fellows Archived 2012-05-02 at the Wayback Machine, Eisenhower Fellowships Sri Lanka.
  5. The Team Archived 2012-04-26 at the Wayback Machine, Cabraal Consulting.
  6. "New central Bank Governor assumes duties today". Archived from the original on 2011-07-25. Retrieved 2010-02-24.CS1 maint: BOT: original-url status unknown (link), press release of Ministry of Finance & Planning, 3 July 2006.
  7. "Past Presidents". StPetersOBU.com. St Peter's College Old Boys' Union. Archived from the original on 2014-06-27. Retrieved 30 December 2017.
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