CBSL shuts Public Debt Dept. as debt management shifts to Finance Ministry

Thursday, 1 January 2026 00:26 - - {{hitsCtrl.values.hits}}

Bank will continue to operate Scripless Securities Settlement System and Central Depository System for Govt. securities

The Central Bank of Sri Lanka (CBSL) yesterday announced the closure of its Public Debt Department (PDD) and the transfer of the LankaSecure Division of the PDD to the Payments and Settlements Department (PSD), with effect from today.

The move follows the establishment of the Public Debt Management Office (PDMO) within the Finance, Planning and Economic Development Ministry, under the Public Debt Management Act, No. 33 of 2024.

The CBSL said the PDMO, which was set up in December 2024, became fully operational in December 2025 and has assumed full responsibility for debt management functions previously carried out by the PDD.