Central Bank reaffirms debt profile “rapidly improving” with new data

Friday, 8 August 2014 00:53 - - {{hitsCtrl.values.hits}}

The Central Bank yesterday said mid-year statistics indicate the improving public debt profile of the country. In a statement it said public debt management strategies are formulated and implemented in accordance with the clearly articulated Medium Term Debt Management Strategy (MTDS) prepared by the Ministry of Finance and the Central Bank of Sri Lanka. The primary focus of MTDS is to build a debt portfolio with an appropriate composition, focusing on the projected path of macroeconomic indicators and market environment in order to ensure financing as per the gross borrowings limit set by the Appropriation Act. At the same time, the Public Debt Department attempts to secure the debt of the Government at the least possible cost, while also ensuring that the underlying risks of the public debt portfolio is prudently managed. In that context, the following mid-year statistics pertaining to the public debt profile of the country are released.