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Parliamentary debate on domestic debt restructuring program today

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A full-day special parliamentary session is taking place today during which the lawmakers will debate the proposed domestic debt optimization (DDO) plan.

The Members of Parliament will vote on the proposed DDO if a division is requested following the conclusion of the debate which will continue from 9.30 a.m. to 7.30 p.m.

The Cabinet of Ministers on Wednesday (June 28) approved the proposed domestic debt restructuring strategy for restoring sovereign debt sustainability.

On Friday, the Committee on Public Finance (COPF), chaired by MP Dr. Harsha de Silva, gave its approval for the proposed DDO plan following extensive discussions on the domestic debt restructuring strategy and its impact.

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