The Central Bank of Sri Lanka (CBSL) has announced the closure of its Public Debt Department (PDD) and the transfer of the LankaSecure Division of PDD to the Payments and Settlements Department (PSD), effective 1 January 2026.
This decision follows the establishment of the Public Debt Management Office (PDMO) within the Ministry of Finance, Planning and Economic Development (MoF) under the Public Debt Management Act No. 33 of 2024, which was set up in December 2024.
The PDMO became fully operational in December 2025, assuming full responsibility for debt management functions previously handled by the PDD. The transfer aims to strengthen institutional accountability while enhancing efficiency and transparency in Sri Lanka’s debt management framework.
However, under the provisions of the PDM Act and the Central Bank of Sri Lanka Act No. 16 of 2023, CBSL will continue to operate the Scripless Securities Settlement System and the Central Depository System for government securities through PSD, effective 1 January 2026. The Director of PSD has been appointed as the Registrar of Government Securities.
