President Ranil Wickremesinghe, addressing the AGM of the Sri Lanka Institute of Directors (SLID) expressed confidence that Sri Lanka would overcome its bankruptcy status by September. He called for collective efforts to support the government’s initiatives, particularly the Domestic Debt Optimization (DDO).
President Said that domestic debt restructuring will not affect the member balance of any superannuation funds, including the EPF.
- Will not affect the banking system stability or the stability of any public or private bank
- Will not affect any interest on bank deposits of over 50 million depositors that is currently being paid
