CoPF initiates urgent sessions on DDR

By Kelum Bandara  

The Committee on Public Finance (CoPF) of Parliament has scheduled two special sessions today with various institutions, including the Central Bank, the Attorney General’s Department, the Employees Provident Fund (EPF), banks, insurance companies, and other relevant institutions to discuss Domestic Debt Restructuring (DDR), an official said.  
Dr. Harsha de Silva, the Chairman of CoPF, told Daily Mirror that he would meet with representatives of all these bodies collectively tomorrow.  

He said the presence of the Attorney General and the Legal Draftsman had been requested for these meetings to discuss potential legal amendments necessary for the implementation of DDR. The government has decided to pursue DDR as part of its economic reforms agenda, aligning with the International Monetary Fund (IMF) programme.  

Sri Lanka’s public debt currently stands at 128 percent of the Gross Domestic Product (GDP).