Written by Lahiru Fernando
17 Jan, 2018 | 10:33 pm
Tuesday – January 16, 2018: The Cabinet of Ministers decided to publish the proposed ‘Debt Management Bill’ in the gazette.
Cabinet also decided to present it in Parliament for approval.
Through this new bill -Sri Lanka’s public debt sustainability is to be managed at a national level.
Following a proposal made by Prime Minister Ranil Wickremesinghe, the cabinet granted approval to publish this bill in the gazette and to submit it for parliament approval.
Foreign liability management becomes an immediate priority as the economy is facing the largest ever foreign debt servicing requirements, clustered during 2019-2022.
Is it the Government?
Is it the Central Bank?
Or is it the Prime Minister?
Is it a good idea to go ahead with such a decision given the CBSL’s recent track record?
Has President Maithripala Sirisena approved this proposed legislation?
18 Jul, 2018 | 01:32 AM
13 Jul, 2018 | 07:05 AM