The Monetary Board, with the concurrence of the finance minister, has promoted Assistant Governor K.D. Ranasinghe to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from April 30, 2017.
Ranasinghe has nearly 31 years of experience in the Central Bank especially in the areas of economic and price stability and other agency functions carried out by the Central Bank. Prior to the appointment as a Deputy Governor, Ranasinghe held the position of Assistant Governor in-charge of Statistics, International Operations, Domestic Operations, Employees’ Provident Fund, Human Resources and Facilities Management Departments.
Ranasinghe served as Director of the Economic Research Department of the Central Bank before he was promoted as an Assistant Governor. Ranasinghe served as an Alternate Executive Director for Bangladesh, Bhutan, India and Sri Lanka at the International Monetary Fund (IMF), Washington D.C., USA during the period from August 2012 to April 2015. Ranasinghe holds an MA in Economics from the Michigan State University, USA and a BA in Economics from the University of Colombo. Ranasinghe has participated in a number of international training programmes in the areas of macroeconomic management, macroeconomic modelling, monetary policy, public finance, debt management, and strategic management during his long career in the Central Bank.
Ranasinghe currently serves as Vice Chairman of the Institute of Bankers of Sri Lanka (IBSL). He also serves as a member of several boards of directors and committees representing the CBSL. He has also served as a member of the board of directors of the Ceylon Electricity Board and HDFC Bank.
Furthermore, Ranasinghe has participated in various national and international fora representing the government and the CBSL. Being a member of the Monetary Policy Committee, Market Operations Committee, Foreign Reserve Management Committee and Investment Committee of the Employees’ Provident Fund, Ranasinghe has made a significant contribution towards achieving the core objectives of the CBSL.
Ranasinghe’s research interests are in the areas of public finance, growth and economic and social infrastructure. He has authored articles for South East Asian Central Banks (SEACEN) and the CBSL publications, in the above areas. Ranasinghe has also conducted a large number of presentations at various seminars and conferences on the broader topic of status of the economy.
Prior to joining the Central Bank he was in the Sri Lanka Administrative Service and had also worked as a lecturer at the University