The 35-page docu-ment covered five areas: Sri Lanka’s Public Debt Sustainability (background); How to Restore Debt Sus-tainability; Why Domestic Debt Optimisation (DDO) is essential. Who should (will) share the burden of DDO and Envisaged Terms of Sri Lanka’s Domestic Debt Optimisation; and Sri Lanka’s Public Debt Sus-tainability (Background). Dr Weerasinghe made clear that the DDO applied mainly to Treasury Bills and Treasury Bonds. In oth-er words, the issue related largely to those who have subscribed to Treasury Bills and Treasury Bonds. He empha-sised that domestic debt optimisation must be conducted simultaneously with foreign debt optimisation to mitigate this risk.

Source: Sunday Times July 02, 2023 01:54 UTC