Looking at the interest burden and for Gross Financing Needs to be at 13 percent by 2027, DDO was essential. If we get all the required parties aligned, we can aim to complete the entire debt restructuring process by September/October of this year. We congratulate the Ministry of Finance and the Central Bank for achieving this critical milestone in the overall debt restructuring process. Sri Lanka Banks’ Association Chairperson Bingumal Thewarathanthri Their opinions could shed light on what the DDO entails and the potential outcomes it may bring to their respective industries and to the overall economy.

Mirror Business, seeking to gain insights into the DDO, reached out to various sectors and sections of the business community, trade unions and academia. Opinions on the matter are divided, with some expressing confidence in positive outcomes, while others foresee additional challenges ahead. The Domestic Debt Optimization (DDO) or Domestic Debt Restructuring (DDR) proposal, which received parliamentary approval last Saturday, has generated significant discussion within the general public, business community, trade unions, economists etc. Written and compiled By Shabiya Ali Ahlam and Yohan Perera.

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