Finance State Minister says domestic debt optimisation not finalised yet

Date:

By: Isuru Parakrama

Colombo (LNW): The government’s program of domestic debt optimisation has not yet been finalised, and the government is fully committed to ensure the stability of the banking and financial sector, revealed State Minister of Finance Shehan Semasinghe.

In a tweet, the Finance State Minister asserted that the government has made progress in engaging with Sri Lanka’s bilateral creditors on debt restructuring efforts, and that they are optimistic that the engagements will lead to a favourable agreement for sustainability.

The process of domestic debt optimisation has not been finalised yet. The government is fully committed to ensuring the stability of the banking and financial sector. Recognising the sensitivity, premature speculations without a conclusion could potentially undermine market confidence. Therefore, it is important that we speak on this matter responsibly and diligently. We have made progress in engaging with our bilateral creditors on debt restructuring efforts. We are optimistic that the engagements will lead to a favourable agreement to achieve stability,” Semasinghe tweeted.

Share post:

spot_imgspot_img

Popular

More like this
Related

Dairy Industry Slumps Despite Surging Demand  Milk Farmers Face Crisis

The Sri Lankan dairy industry is at a crossroads....

Exporters Urged to Prepare for New VAT Refund Regime

With Sri Lanka’s long-running Simplified VAT (SVAT) scheme now...

Economic Recovery Stalls as Policy Reversals Undermine Reform

Sri Lanka’s path to recovery remains woefully unfinished. While...

SL Construction Sector Gains Momentum, but Relief Delay Stalls Broad Recovery

Sri Lanka’s construction industry, long battered by economic turbulence,...