The Hon. Ravi Karunanayake
Ravi Karunanayake questioned whether the Commission should recommend a timeline for long-delayed Provincial Council Elections, stating that independence should deliver practical benefits to the public. He also asked how the Central Bank’s independence operates in practice, particularly who formulates its standard operating procedures and how differences between Government policy preferences on interest rates and Central Bank decisions are managed.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Prime Minister, if that Commission is the best, then it would be good for it to recommend when Provincial Council Elections will be held. We have gone 18 years without those elections. I ask about that. We want independence that benefits our people, not just a good name for the Commission.
¶ 02 Next, regarding the Central Bank’s independence: who formulates its SOPs? If the Government thinks interest rates should be reduced, but the Central Bank independently wants to do otherwise, how does governance manage this? Mr. Speaker, this is complex. May I ask a follow-up based on the answer? I hesitate because, often, you move on to Government business. If you allow an answer—
Provenance
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- Hansard, Thursday, 9 October 2025 ·No. 22973 ·English daily/uncorrected Hansard
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/lk/speeches/7532
Cite as: The Hon. Ravi Karunanayake. 10th Parliament, Parliament of Sri Lanka. Hansard, 9 October 2025. No. 22973. Politick, https://staging.politick.io/lk/speeches/7532