The IPS is managed by a Board of Governors which comprise of a Chairman appointed by the President of Sri Lanka, three ex-officio members who consist of the Governor of the Central Bank of Sri Lanka, the Secretary to the Treasury and Director-General of Department of National Planning, three appointed members, and the Executive Director of the IPS.

Senior Prof. H.D. Karunaratne
Faculty of Management and Finance, University of Colombo
Mr. Ajith Nivard Cabraal
Governor, Central Bank of Sri Lanka (Ex-officio)
Governing Board Member
Dr. M.K.C Senanayake
Director General, Department of Fiscal Policy, Ministry of Finance (Ex-officio)
Governing Board Member
Mr. R.H.W.A Kumarasiri
Director General, Department of National Planning, Ministry of Finance (Ex-officio)
Governing Board Member
Prof. Shirantha Heenkenda
Dean of the Faculty of Humanities and Social Sciences, University of Sri Jayawardenapura
Governing Board Member
Prof. P.M.C Thilakerathne
Director, Centre for Distance and Continuing Education, Department of Accountancy, University of Kelaniya
Governing Board Member
Dr. Kenneth de Zilwa, Director/CEO, Econsult Asia (Pvt) LimitedGoverning Board Member
Dr. Dushni Weerakoon Executive Director


Dr. Saman Kelegama
Executive Director
Chandi Chanmugam
Executive Director
First Executive Director of IPS. An eminent civil servant who retired as the Secretary to the Treasury. Mr. Chanmugam was also an appointed member of the Monetary Board of the Central Bank of Sri Lanka
Prof. Sirimal Abeyratne
Senior Professor of Economics, University of Colombo. His teaching and research interests are in the field of international trade and development. He has been a Visiting Fellow at universities in Japan, Australia, Italy and Vietnam.
Dr. Razeen Sally
(2015 – 2018)
Associate Professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore and Director of the European Centre for International Political Economy (ECIPE), which he co-founded in 2006.
Prof. W. D. Lakshman
(2010 – 2014)
Founder Governing Board Member of the IPS. Emeritus Professor, University of Colombo, and held the position of the Departmental Chair of Economics at the university for over 25 years before retirement as Senior Professor in 2007. He was honoured by the President of Sri Lanka with the ‘Deshamanya’ national honours in 2005.
Prof. Buddhadasa Hewavitharana
(2006- 2010)
Founder Governing Board Member of the IPS. Emeritus Professor of Economics, University of Peradeniya, and Honorary Fellow and Former Senior Vice President of the Sri Lanka Economic Association.
Dr. Gamani Corea
Founder Chairman of the IPS. An eminent economist who served as Secretary-General of the UNCTAD from 1974 to 1984. Dr. Corea was conferred the highest national honour "Deshamanya" in 1987 in recognition of his service to the nation.