In a recent Twitter message, State Minister of Finance Shehan Semasinghe provided an update on the progress of domestic debt optimization, affirming that the process is not yet finalized. Underscoring the government’s unwavering commitment to ensuring stability within the banking and financial sector, Semasinghe urged caution against premature speculation that could potentially undermine market confidence. He stressed the importance of responsible and diligent discussions on the matter.
State Minister of Finance Shehan Semasinghe tweets “The process of domestic debt optimization is not finalized yet. The govt is fully committed to ensure the stability of the banking and financial sector. Recognizing the sensitivity, premature speculations without a conclusion could potentially undermine market confidence. Therefore it is of importance that we speak on this matter responsibly & diligently. We have made progress in engaging with our bilateral creditors on debt restructuring efforts. We are optimistic that the engagements will lead to a favorable agreement to achieve stability”.
