President Ranil Wickremesinghe yesterday announced the setting up of the National Debt Management Agency (NDMA) and National Agency for Public Private Partnership (NAPPP).

Presenting the interim Budget, the President said the Government debt management related activities are carried out by the Central Bank, External Resources Department, National Budget Department and the Treasury Operations Department at present.

 “As it is important to pay special attention to the management of public debt, an independent National Debt Management Agency (NDMA) will be set up under the General Treasury in lieu of current arrangement in this respect,” he said.

He also said a national agency will be established for the purpose of identifying and facilitating investment to be undertaken in partnership with the public and private sector. To implement this initiative Rs. 250 million has been proposed.

 

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