Ceylon Chamber calls for political and public support for domestic debt restructuring

• Urges all political parties and concerned stakeholders to act responsibly and await the finalisation of debt restructuring plan
• Emphasises that achieving meaningful consensus should be the priority, with national interest at the forefront

The Ceylon Chamber of Commerce yesterday highlighted the importance of patience and trust in the ongoing domestic debt restructuring process. 
With Central Bank of Sri Lanka emphasising the need to maintain financial system stability and safeguard depositors, the chamber stressed the necessity for a comprehensive examination of the proposed plan, followed by constructive dialogue based on the final document.

The chamber emphasised that achieving meaningful consensus should be the priority, with national interest at the forefront.
It called upon all political parties and concerned stakeholders to act responsibly and await the finalisation of the debt restructuring plan, which is seen as a crucial step in the broader debt sustainability agenda and an enabler of other important reforms.

It acknowledged that there have been numerous concerns following the announcement of Government’s intention to restructure Sri Lanka’s domestic debt.
 “While we understand these concerns and recognise the right to an open dialogue, we must be mindful of market sensitivities around restructuring debt and the need to avoid misinformation and speculation, which fuel uncertainty amongst the general public,” the chamber said in a statement.