Friday, 13 December 2019 06:05

Sri Lanka faces macroeconomic challenges says CB Governor

Sri Lanka is facing multitude of macroeconomic challenges and it is essential to overcome it within a short period, Governor of the Central Bank Dr. Indrajit Coomaraswamy said.

He emphasized the necessity for continuous research to assist policymakers in the formulation of conducive macroeconomic policies in a timely manner

Dr. Coomaraswamy, highlighted the various global and domestic challenges faced by central banks and policymakers around the world and the need to adapt to these developments to ensure greater macroeconomic and financial stability.

He was delivering the inaugural address at the 12th International Research Conference at the John Exter International Conference Hall of the Central Bank recently.

.The Conference was aimed at stimulating theoretical and empirical research on various contemporary macroeconomic policy issues and provided researchers from diverse backgrounds a platform to discuss their views, findings and experiences from varied perspectives

This year’s Conference was graced by the presence of two eminent international economists – Prof. Sayuri Shirai, Professor of Keio University, Visiting Scholar at Economic Research Department the Asian Development Bank Institute and former Member of the Policy Board of the Bank of Japan, and Mr. Marc-Olivier Strauss-Kahn, Honorary Director General and former Chief Economist of Banque de France.

Addressing the gathering, Prof. Sayuri Shirai highlighted the issues related to the international finance trilemma in emerging economies and low inflation and new monetary policy frameworks in advanced economies in her speech titled “Recent Monetary Policy Issues and Challenges”.

Mr. Marc-Olivier Strauss-Kahn, in his speech titled “Central Banking: from Research to Economic/Financial Literacy”, highlighted the role of central banks in promoting research and economic and financial literacy and shared the experience of Banque de France.

(LI)

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