January 01, Colombo (LNW): The Central Bank of Sri Lanka (CBSL) has announced a major reorganisation of its debt management operations, effective January 01, 2026.
The move includes the closure of the Public Debt Department (PDD) and the transfer of its LankaSecure Division to the Payments and Settlements Department (PSD).
This change follows the establishment of the Public Debt Management Office (PDMO) within the Ministry of Finance, Planning and Economic Development under the Public Debt Management Act No. 33 of 2024.
The PDMO became fully operational in December 2025, taking over all debt management responsibilities previously handled by the PDD. The CBSL stated that the transition aims to improve accountability, transparency, and operational efficiency in managing the nation’s debt.
Despite the closure of the PDD, the CBSL will continue to maintain critical systems for government securities under the PSD. This includes the Scripless Securities Settlement System and the Central Depository System, with the PSD Director formally appointed as Registrar of Government Securities.
The Bank indicated that this arrangement will ensure the smooth functioning of government securities operations while centralising oversight under the restructured framework.
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