AJITH NIVARD CABRAAL is the State Minister of Money, Capital Markets & State Enterprise Reforms of The Democratic Socialist Republic of Sri Lanka. He was the 12th Governor of the Central Bank of Sri Lanka, from July 2006 to January 2015. He also functioned as:

→ Alternate Governor of the International Monetary Fund
→ Chairman of the South East Asian Central Banks (SEACEN) Board of Governors
→ Chairman of the SAARC Central Bank Governors Forum.

He is a Chartered Accountant by profession, having qualified as one of the youngest Chartered Accountants in Sri Lanka, while winning many prizes at the CA examinations.

During the period he served as Governor, he transformed the Sri Lankan economy from a GDP of USD 24 billion to USD 79 billion, and to being a safe, stable and fast-growing middle income emerging market nation. He also provided leadership to several heavily over-subscribed International Sovereign Bond issues. Under Governor Cabraal’s guidance, Sri Lanka was able to maintain sound and stable macro-economic fundamentals, with inflation being contained to low levels, and financial system stability being achieved in a time of severe global uncertainties and turmoil.

Cabraal was previously the Presidential Advisor on Economic Affairs and, Ministry of Plan Implementation, and closely associated in the development of the Policy Framework and Development Plan of the Government. He served on the Board of Strategic Enterprises Management Agency, and as a Member of the Government Team that participated at the Geneva Talks with the LTTE in February 2006.