COPF approves Resolution on Domestic Debt Restructuring

The Resolution on the Domestic Debt Optimization was approved by the Committee on Public Finance by a majority at the Committee meeting held today (30). 

Extensive Domestic Debt Optimization discussions were held for the second consecutive day today at the Committee on Public Finance Chaired by Dr. Harsha de Silva.

Discussions were held yesterday (29), separately with Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka (CBSL), K. M Mahinda Siriwardana, Secretary to the Treasury and high officials representing the Ministry of Finance, Economic Stabilization and National Policies during the first half of the meeting. Discussions were held with creditors, including banks, superannuation funds, insurance funds to obtain perspectives during the second half of the meeting, Parliament's Communications Department stated. 

Post the extensive discussions held, the Committee approved the Resolution by a majority subject to certain amendments made at the Committee meeting held.  

State Minister of Finance, Shehan Semasinghe, Sajith Premadasa, Leader of the Opposition, Committee Members and Members of Parliament were present at the Committee meeting.