Independent body to manage public debt

Your initial statement outlines the Sri Lankan government's plan to transfer public debt management responsibilities from the Central Bank of Sri Lanka to a new, independent agency. This agency, the Public Debt Management Agency (PDMA), will be established under the Ministry of Finance. The Central Bank will assist in setting up the PDMA, which is expected to become the sole authority for managing the country's public debt. The enactment of the Public Debt Management Act by March 2024 will pave the way for the PDMA's establishment, and it is anticipated to be operational by December 2024. This move aims to optimize public debt management or servicing.

https://www.dailynews.lk/2024/01/16/admin-catagories/breaking-news/348445/independent-body-to-manage-public-debt/

Daily News

2024-01-16

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