China has assured Sri Lanka of its commitment to extending comprehensive support for the program aimed at optimizing Sri Lanka’s debt.

Chinese Finance Minister Liu Kun reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s debt.

According to the President’s Media Division (PMD), the Chinese Finance Minister conveyed this commitment during bilateral discussions held today (Oct 19) in Beijing with President Ranil Wickremesinghe, who is currently on a four-day official visit to China.

Minister Liu Kun emphasized that China has a profound understanding of the economic challenges confronting Sri Lanka and commended the progress and measures Sri Lanka has taken thus far to address the ongoing economic crisis. 

Furthermore, he expressed China’s unwavering commitment to providing robust support for the enhancement of the necessary infrastructure crucial for Sri Lanka’s development.

The Chinese Finance Minister also highlighted the in-depth discussions that transpired regarding financial interactions between Sri Lanka and China, underscoring the collaboration with international organizations closely associated with China, aimed at furnishing additional support to Sri Lanka.

President Ranil Wickremesinghe expressed his profound appreciation for China’s consistent support as Sri Lanka endeavours to overcome economic challenges. 

Discussions also delved into the program designed to spur economic recovery and foster the creation of a competitive, digitally advanced and environmentally friendly economy in Sri Lanka.

Minister of Foreign Affairs Ali Sabry, President’s Senior Adviser on National Security and Chief of Staff Sagala Ratnayaka, Central Bank Governor Dr. Nandalal Weerasinghe and the President’s Private Secretary Sandra Perera attended the discussion. (NewsWire)

The post China assures extensive commitment to enhance SL’s credit optimization appeared first on Newswire.

The Employees’ Provident Fund (EPF) has informed its members that it has submitted an offer to exchange the portfolio of Treasury Bonds of the EPF under the Domestic Debt Optimization (DDO) programme.

Issuing a statement, the Central Bank of Sri Lanka said that the EPF Fund has made the offer as an eligible participant and with the approval of the bank’s Monetary Board.

The CBSL added that the EPF Fund has also offered to do so based on the invitation made by the Ministry of Finance following a Resolution adopted by Parliament. 

CBSL full statement : https://shorturl.at/AEM04 (NewsWire)

The post EPF Fund offers to participate in Domestic Debt Optimisation Programme appeared first on Newswire.