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Parliamentary debate on DDO plan today

The party leaders have decided to debate the Domestic Debt Optimization (DDO) program in the parliament today (July 01). The debate will be held from 9.30 a.m. to 7.30 p.m.

Members of Parliament are expected to vote on the proposed DDO following the conclusion of the debate.

https://www.facebook.com/SriLankanParliament/videos/1329099837959076

Although it was earlier speculated that the parliament would be convened on Sunday (July 02), the party leaders have decided otherwise.

The special parliamentary session scheduled for July 01 is being convened pursuant to a gazette notification issued by Speaker Mahinda Yapa Abeywardena after taking into account a request made by PM Dinesh Gunawardena.

The Cabinet of Ministers on Wednesday (June 28) approved the proposed strategy to restructure domestic debt. 

Meanwhile, the members of Committee on Public Finance (COPF) met for the third consecutive day for constructive discussions on the proposed DDO plan and to reach a consensus.

The COPF invited all creditors including commercial banks, superannuation funds including the EPF and ETF, and insurance funds to hear their opinions and concerns.

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