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Domestic debt optimization not finalized yet: Semasinghe
Claiming that the process of domestic debt optimization has not been finalized yet, State Minister of Finance Shehan Semasinghe said the government is fully committed to ensuring the stability of the banking and financial sector.
In a Twitter message, he said Sri Lanka has made progress in engaging with the bilateral creditors on debt restructuring efforts and is optimistic that the engagements will lead to a favourable agreement to achieve stability.
"The process of domestic debt optimization has not been finalized yet. The government is fully committed to ensuring the stability of the banking and financial sector. Recognizing the sensitivity, premature speculations without a conclusion could potentially undermine market confidence. Therefore, it is important that we speak on this matter responsibly & 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," he tweeted. (Ajith Siriwardana)
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