about 6 years ago by Manthri.lk - Research Team under in Analysis

Committee On Public Enterprises (COPE) presented its report on the controversial Central Bank bond issue on 28th October 2016. In Central Bank’s 30 year Bond Debacle: What is the “Loss”? Verite Insights ( July 2015) identifies three errors in the published calculation of the monetary loss, and recalculates it at 0.9 billion rupees. It also highlights two other issues: conflict of interest, and confidence in institu­tions, which add to the negative consequences of the Central Bank decision.