🏛️ Tribute: H.M.R. Ellepola’s Key Contributions to CBSL & Economic Policy

• Macroeconomic & Fiscal Policy Guidance: Led early macroeconomic assessments during 1970s liberalisation and the accelerated Mahaweli Development Project. Built foundational frameworks later used to establish the Credit Information Bureau (CRIB) (1990) and introduce domestic credit rating systems like Fitch Ratings (1998). • Inflation Control & Monetary Reforms: Managed severe quantitative credit controls in the 1980s, successfully bringing inflation down from above 25% within two years. Standardized the Central Bank of Sri Lanka (CBSL) annual budgeting process and modernized reserve money control frameworks (later applied at the Central Bank of Seychelles). • Financial Sector & Capacity Building: Served as Secretary to the Monetary Board and Executive Director overseeing public debt, currency issue, and banking operations. Advanced professional banking standards as Vice Chairman of the Institute of Bankers of Sri Lanka (IBSL), introducing postgraduate qualifications, curriculum overhauls, and formal convocation ceremonies.