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Prez. Sec. hands over Bond report to CB Governor

11 January 2018 10:11 pm - 2     - {{hitsCtrl.values.hits}}

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A copy of the Bond Commission’s report had been handed over to Central Bank Governor Indrajit Coomaraswamy by President’s Secretary on Wednesday, the Central Bank said today.

In a statement, it said a copy of the report of the Commission of Inquiry to Investigate, Inquire and Report on the Issuance of Treasury Bonds (COI) during the period from February 1, 2015 to March 31, 2016, was handed over to the Governor entrusting the task of considering giving effect to the 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.

 

Monetary Board Statement

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  • Ram Friday, 12 January 2018 06:47 AM

    Report should have been tabled at Parliament before giving copies to other institutions. I believe the Prez acted wrongly or was ill advised

    Sambo Friday, 12 January 2018 08:53 AM

    It seems you all are playing musical chairs with the report. At the end there will be no winners but only loser's who will be the poor public.


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