Sri Lankan Parliament approves Domestic Debt Restructuring programme

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July 3, 2023 2:24 pm

Sri Lanka's economy improved it secured the$2.9 billion bailout from the IMF in March, which helped tame inflation, improve dollar inflows and appreciate its currency. — Protesters carrying the Sri Lanka flag march in the Galle Face Green area of Colombo, Sri Lanka, May 17, 2022. With no end in sight to the national economic crisis that led them to take to the streets, protesters in Sri Lanka are digging in against a president they blame for crashing the economy. (Atul Loke/The New York Times)

Colombo: The Domestic Debt Restructuring programme was approved by Parliament with a majority of 60 votes with 122 members voting for and 62 against.

Some members were absent during voting.

The Chairman of the Committee on Public Finance Harsha De Silva voted against. SJB MP Vadivel Suresh and MP Sudarshani Fernandopulle voted in favour.

SLFP members were absent during voting time. A total number of 40 MPs were absent during voting, while the TNA and MP Gajendrakumar Ponnambalam voted against.

SJB MP Rajitha Senaratne was a notable absentee. (Yohan Perera and Ajith Siriwardana)

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