Parliamentarian Chamal Rajapaksa was the only Rajapaksa who participated in the vote on the government’s Domestic Debt Optimization programme, according to a statement from the Parliament of Sri Lanka.

Reportedly former President Mahinda Rajapaksa and former Minister Namal Rajapaksa were absent during the vote.

Issuing a statement, Secretary General of Parliament Mrs. Kushani Rohanadeera said that MP Chamal Rajapaksa participated in the voting with regard to the Resolution for the implementation of the Domestic Debt Optimization to restore the sovereign debt sustainability which was passed by a majority in Parliament recently (01).

She further confirmed that the reports published by the media about MP Chamal Rajapaksa not being present in the chamber at the time of the vote on the resolution are completely inaccurate. 

Secretary General of Parliament Mrs. Kushani Rohanadeera also revealed that MP Chamal Rajapaksa voted in favour of the said resolution. (NewsWire)

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A special Gazette notification has been issued on the Domestic Debt Optimization process recently passed in Parliament.

The Gazette has been issued by President Ranil Wickremesinghe, in his capacity as the Minister of Finance under the Registered Stock and Securities Ordinance, No. 07 of 1937.

As per the Gazette, the Regulations may be cited as the “Registered Stock and Securities (Conversion of Securities) Regulations, No. 02 of 2023.

The President has also declared and authorized the Secretary to the Ministry of Finance, Economic Stabilization and National Policies, and the Registrar of Public Debt the following powers;

• To offer to any holder of any stock or securities issued in Sri Lanka under the provisions of the Ordinance or any other enactment the option of converting or exchanging, as the case may be, the holding as of 28th June 2023 or part thereof. 
• To convert or exchange, as the case may be, any stock or securities issued in Sri Lanka under the provisions of the Ordinance or any other enactment held by holders into Treasury Bonds to be issued under the Ordinance. 
• To specify the manner in which payment of interest is made and the conditions subject to which such Treasury Bonds may be converted or exchanged, as the case may be, under the Ordinance. (NewsWire)

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The Committee on Parliamentary Business has decided that the government’s proposed Domestic Debt Optimization programme will be taken up for debate in Parliament on Saturday, July 01, 2023.

The debate will take place from 09.30 am to 7.30 pm tomorrow, with a vote to be held at 07.30 pm. 

It has also been decided that the Parliament will not sit on Sunday, July 02.

Meanwhile, the Committee on Public Finance has approved the government’s Domestic Debt Restructuring programme. (NewsWire)

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