Dr. Sarath Rajapatirana

Assistant Accountant, Central Bank of Sri Lanka 1965-67. Responsible for day-to-day supervision of the national commercial bank clearing house, maintenance of current accounts of commercial banks and administering reserve requirements.

Temporary Assistant Lecturer in Economics: Department of Economics, University of Ceylon, Peradeniya: Taught second year micro economics,third year applied economics and tutor for both.

Chief, Money and Banking Division, Research Department of the Central Bank of Sri Lanka. Led a team of economists, advised the senior management on monetary policy formulation, and prepared relevant parts of the monthly bulletin and the annual report of the Central Bank. Negotiated IMF Stand-by arrangements as counterpart to the leader of the IMF Mission to Sri Lanka 1974-75.

Economist, Money and Banking Division, Research Department, (Central Bank of Sri Lanka) 1967-68. Prepared research studies on commercial bank efficiency, branch distribution and wrote sections of the monthly bulletin and the Annual Report of the Central Bank.

Adviser, Senior Staff Resources Program (worked on regulatory reform and on a research study on the impact of economic liberalization on industrial structure) 1997-1998.

Economic Adviser, Operations Policy (provided policy advice on Bank-wide operations issues such as the relationship between operations policies and economic and sector work) 1995-97.

Economic Adviser, Operations Policy (provided policy advice on Bank-wide operations issues such as the relationship between operations policies and economic and sector work) 1995-97.

Chief, Trade, Industry and Finance, Technical Department, Latin America and the Caribbean Region. (Led a division of economists and financial analysts. Provided operations support and reviewed policy in these areas), 1990-93.

Chief, Policy Analysis Unit, Office of the Vice President of Research Staff. Led a unit created in the Vice Presidency to increase interaction between Bank operations and research,

Senior Economist on Indonesia (Led Economic Missions, participated in economic missions, discussed policy issues with country counterparts and wrote chapters in Bank reports on financial policy, the regulatory environment and macroeconomic developments) : Led the 1981 Economic Report Mission, the Rural Financial Markets Mission in 1982, and the Capital Markets Study Mission in 1983), 1979-83.

As Country Economist for Nepal helped to create the Aid Group for Nepal which the World Bank chaired. Prepared documents for it after consultation with heads of various departments jointly with the Secretary to the Ministry of Finance and the Assistant Secretary of the Planning Ministry. The main document was the economic assessment of the country prospects and the aid requirements of the different sectors". Participated in the two-man mission to write the Country Economic Memorandum on Nepal wrote parts of the report. Participated in the Agricultural Sector mission and wrote the sections on the overall economy, agricultural pricing policies and internal trade between the terai and the hill regions.

Country Economist for Burma (participated in economic missions, discussed policy issues with country counterparts and wrote chapters in Bank reports on pricing policies, macroeconomic developments and trade). 1975-77

• Visiting Scholar, American Enterprise Institute for Public Policy (on leave from the World Bank until November 1999 and retired thereafter) 1998 to 2008. (Undertook a research study on developing countries trade policies in the 1990s and evaluated the results of selective versus general promotion of economic activities in developing country trade regimes). Led an international team looking into development issues relating to Least Developed Countries, Foreign Aid to Sub-Saharan Africa. Gave in-house seminars at the Friday forum of the Institute on these issues. 1998-2007

• Director, Macroeconomic Policies of Developing Countries Study 1986-93. Led a group of thirty academics in the study, which involved eighteen countries, supervised writing of nine country volumes and co-authored the synthesis volume "Boom, Crisis and Adjustment: The Macroeconomic Experience of Developing Countries”. I.M.D Little, W. Max Corden, Richard N. Cooper and Sarath Rajapatirana, ) Oxford University Press 1993.

• Member, Advisory Board (World Bank Comparative Research Project, Trade Liberalization 1983-91). Advised authors of South Asian and Latin American country studies.

• Member, Editorial Board, World Bank Economic Review 1986-90. Reviewed papers and participated in publishing decisions. The Board comprised leading economists of our time, Joseph Stiglitz, T.N. Srinivasan, Asar Lindbeck, Deepak Lal, and Richard Snape.

• Staff Director, Main Author and Team Leader, World Development Report on Industrialization and Foreign Trade 1986-1987. Defined the main issues to be analyzed, hired and supervised a team of trade specialists from within and outside the World Bank, wrote the main sections of the report and presented the results in international forums.