ECONOMYNEXT – Sri Lanka’s central bank announced the closure of the Public Debt Department (PDD) and the transfer of the LankaSecure Division of the PDD to the Payments and Settlements Department (PSD), effective 1 January 2026. “This transfer was effected in view of strengthening institutional accountability and enhancing the efficiency and transparency of Sri Lanka’s debt management framework,” CBSL said in a statement. The Public Debt Management Office (PDMO) was established within the Ministry of Finance, Planning and Economic Development (MoF) under the Public Debt Management Act No. 33 of 2024 (PDM Act) in December 2024. The PDMO became operational…
Sri Lanka’s central bank closes its public debt department
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