Sri Lanka to establish National Debt Management Agency

August 30, 2022 03:13 pm

President Ranil Wickremesinghe, in his interim budget speech, said an independent National Debt Management Agency (NDMA) would be established in the country.

Speaking further, he said the government debt management-related activities are carried out by the Central Bank of Sri Lanka, External Resources Department, National Budget Department and the Treasury Operations Department at present.

As it is important to pay special attention to the management of public debt, an independent NDMA will be set up under the General Treasury in lieu of the current arrangement in this respect, the President added.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.