Nevertheless, to ensure permanent debt sustainability, the Government had to win the trust of its bilateral creditors and obtain their agreement. To do this, it was essential to implement “Domestic Debt Optimization,” Mr. Semasinghe stressed. The Government must undertake a programme of domestic debt optimisation to maintain debt sustainability within affordable and manageable levels, Mr Gunawardena argued. As such, it was absolutely false when the government said that these persons were voluntarily participating in the government’s DDO programme, Mr Sumanthiran said. Resolution on debt sustainability Parliament yesterday took up the resolution on Domestic Debt Optimisation (DDO) presented by the government.

Source: Sunday Times July 02, 2023 13:54 UTC