DDR before Cabinet tomorrow

Tuesday, 27 June 2023 01:24 - - {{hitsCtrl.values.hits}}

The Government’s stance on the domestic debt restructuring (DDR) or optimisation (DDO) will be placed before a special cabinet meeting tomorrow, the Daily FT learns. Though the Cabinet met yesterday, DDR wasn’t taken up as the framework wasn’t ready.

Sources speculated that if and when Cabinet approves, the DDR/DDO will be presented to the banking sector on Thursday followed by Parliament on Friday.

In a related development the Parliament’s Business Committee meeting scheduled for 11.30 a.m. today has been postponed for 9 a.m. on Friday.

Source said no formal decision until then about sittings during the weekend of 1 and 2 July. They also opined that the Public Finance Committee cannot consider the DDR/DDO until after the Cabinet meeting.

JVP files FR case in SC against Govt. attempts to restructure domestic debt

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.