Sri Lanka World Bank office clarifies SEC job

Oct 13, 2008 (LBO) – Sri Lanka’s World Bank office says the spouse of country director has been hired by the island’s securities watchdog by a competitive process and it has been cleared by the lender’s ethics committee. The full statement is reproduced below:

With reference to the reports in news media about the employment of World Bank Country Director’s husband as a consultant at the
Securities Exchange Commission (SEC) , the Bank would like to clarify that:

He was appointed to the position through a competitive process by
responding to an advertisement placed by SEC in local newspapers and on
the Internet.

His employment in Sri Lanka as a consultant was cleared by the World Bank
‘s Ethics office as one without any conflict of interest.

He is paid a local salary and is employed as an international debt expert
with experience of working in the U.S. and Japan. His experience enables
him to contribute significantly to the development of the Sri Lanka debt
market.