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Sri Lanka to raise up to Rs 480bn debt under Active Liability Management Act

Sri Lanka to raise up to Rs 480bn debt under Active Liability Management Act

Cabinet nod has been received to move a resolution in Parliament to raise up to 480 billion rupees under the provisions of the Active Liability Management Act.

Accordingly, taking into consideration the Public Debt maturity structure during the period from 2020 to 2029, the Central Bank has recommended to raise the amount in or outside Sri Lanka.

The Active Liability Management Act, No.8 of 2018 was approved in Parliament in order to ensure that the financing needs for the re-payment of the public debts are obtained in a more prudent manner with a view to improving Public Debt Management.