Anti-DDO protesters fail to show up at meeting with CBSL

Tuesday, 29 August 2023 01:48 - - {{hitsCtrl.values.hits}}

The Central Bank said yesterday that representatives of anti-Domestic Debt Optimisation (DDO) protestors failed to show up at a meeting granted to allay their fears over the initiative.

CBSL in a statement said during a protest held by a group of persons, who claimed themselves as representatives of the members of the Employees’ Provident Fund (EPF), yesterday near Colombo Fort Railway Station against the potential impact to EPF due to the implementation of the DDO, the said group of persons through the Colombo Fort Police Station requested for a meeting with the officials of the Central Bank of Sri Lanka (CBSL) to discuss the matters pertaining to DDO and EPF. In response to the said request, the CBSL Governor, through the officials of the Colombo Fort Police Station, has informed the said group of persons that a meeting will be convened yesterday itself at 2.30 p.m. at the CBSL premises with five persons representing the said group of persons.

“However, after communicating the details of the meeting, the said group of persons has informed the CBSL through the Colombo Fort Police Station of their inability to participate at the meeting,” CBSL said. “Hence, an opportunity was missed by the said group of persons to get their concerns clarified on DDO, the manner in which the member contributions will be guaranteed through the implementation of DDO and as to how an investment return at a minimum as it was given during the last several years to members of EPF will be given to them during the next few years as well by implementation of DDO,” the CBSL statement added.