Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker
Samaraweera has sought parliamentary approval to borrow up to 310 billion rupees in or outside Sri Lanka under the provisions of the Active Liability Management Act No.8 of 2018.
The active liability management framework allows the government to take advanced action to refinance debt, he told parliament Friday.
“The government’s liability management strategy is meant to ease repayment of debt in future and ensure it is done at the lowest possible cost in line with government cash flows and loan maturities,” Samaraweera said.
The active liability management framework has been approved by the Cabinet of Ministers.
Samarweera said the new law provide the much-needed legal framework to adopt borrowing strategies depending on market opportunities.
The government and central bank are already taking action to diversify market-based funding sources by going for Chinese panda bonds, Japan’s samurai bond market and the very liquid sukuk market, he said.
(COLOMBO, 26 Octber, 2018)
- Posts : 1658
Join date : 2016-11-28
Age : 40