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.
(1/2) The process of domestic debt optimization is not finalized yet. The govt is fully committed to ensure the stability of the banking and financial sector. Recognizing the sensitivity, premature speculations without a conclusion could potentially undermine market confidence pic.twitter.com/oncDCOn9Hc
— Shehan Semasinghe (@ShehanSema) June 18, 2023
