An update session was held yesterday (30) for Sri Lanka’s commercial creditors following the approval of the International Monetary Fund’s extended credit facility for Sri Lanka.
In this session held online, Central Bank of Sri Lanka Governor Dr. Nandalal Weerasinghe and Treasury Secretary Mr. Mahinda Siriwardena made presentations.
The heads of the central bank and treasury have told the creditors that the necessary work for the restructuring of local debt will start next month and it is expected to be completed by the month of May.
Central Bank Governor Dr. Nandalal Weerasinghe has further said that the focus is on restructuring the stock of treasury bills owned by the Central Bank of Sri Lanka. It is also mentioned here that voluntary debt optimization is expected for domestic debt of other treasury bills and treasury bonds.
Thus, it has been revealed in this session that the amount of domestic treasury bonds awaiting voluntary optimization is about 24 billion dollars.
