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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 1588

Dr. P.B. Jayasundara Reappointed as Secretary to the Treasury

Anjana Jayashan reporting from Colombo
Colombo, 28 September, (

P._B_Jayasundera.jpgDr. P.B. Jayasundara was reappointed as the Secretary to the Treasury with immediate effect by the President Mahinda Rajapaksa.

Dr. P.B. Jayasundara was one time Secretary to the Treasury and had to resign from the post in July, 2008 after a Supreme Court verdict which ruled that the sale of shares of Lanka Marine Services to John Keells Holdings by the then government in 2002 had violated fundamental rights.

As requested by the courts, Dr. Jayasundara had also pledged that he would not accept any public sector position in the future through an affidavit submitted to Supreme Court on October 16, 2008.

In last August, he filed a motion seeking to relieve him from the affidavit dated October 16, 2008 given to the Court stating that he would not accept any office in the Government in future. He had also stated in his motion that the President had requested him that his service as Secretary to the Treasury and Secretary to the Finance and Planning Ministry was required in the national interest.

Allowing his application to precede, the Supreme Court last week (September 24) gave relief to Dr. Jayasundara to resume service in the public sector. A bench consisting seven judges of the Supreme Court by majority vote, ruled in favor of the petitioner.

Dr. Jayasundera has been in the civil service for the last 30 over years. Prior to his appointment as the Secretary to the Treasury, he was Deputy Secretary to the Treasury from 1997-1999, Director General, Department of Fiscal Policy and Economic Affairs in 1995, and Economic Advisor in 1990. He held several senior positions in the Central Bank of Sri Lanka before joining the Ministry of Finance and Planning.

The Supreme Court Bench was headed by chief justice Asoka N. Silva and comprised of justices Shirani Bandaranayake, Shiranee Thilakawardena, Saleem Marsook, Jagath Balapatabendi, K. Sripavan and P.A. Ratnayake.

In addition to the office at the Ministry of Finance & Planning, Dr. Jayasundera has also held office as Chairman, Public Enterprises Reform Commission, Senior Policy Advisor, Ernst & Young, and as consultant to the IMF and the World Bank on country assignments.

Dr. Jayasundera holds a Master’s and a Doctorate degree in Economics (1984) from Boston University, USA, a Master’s degree in Development Economics (1979 – 1980) from Williams College, USA; and a bachelor’s degree in Economics (1973) and Phil Economics (1974) from the University of Colombo, Sri Lanka.

Meanwhile Sumith Abeysinghe who was serving as the Secretary to the Treasury has been appointed as the Secretary to the Cabinet.

The National Freedom Front (JNP) leader Wimal Weerawansa addressing a press briefing just 24 hours before the appointment of Dr. Jayasundara again as the Treasury Secretary on September 27 said that such a decision is not ethical.

- Asian Tribune -

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