Sri Lankan government will not restructure domestic debt – State Minister of Finance

(LANKAPUVATH | COLOMBO) –State Minister of Finance Shehan Semasinghe said the Sri Lankan government has no plans to restructure domestic debt.

Responding to speculations on restructuring domestic debt, the State Minister of Finance said on Twitter that the Government has not made any decision to restructure domestic debt as negotiations of treatments on external debt are still being discussed with external bilateral and commercial creditors.

He said the Government of Sri Lanka (GOSL) has no intention to impose any treatment on domestic debt which will have adverse impact on domestic banking sector, insurance sector and superannuation funds.

“There is no basis for recent speculation announced on restructuring domestic debt,” the State Minister said.


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