SL Public Debt Management Office Wins Prestigious Commonwealth Award 🏆

Sri Lanka’s Public Debt Management Office (PDMO) has been named “Debt Management Office of the Year (Asia-Pacific)” at the Commonwealth Debt Management Awards in London. This recognition comes just 15 months after its establishment, signaling global confidence in the country's post-2022 economic reforms. • Key Institutional Milestones: PDMO established under the Public Debt Management Act, No. 33 of 2024. Consolidated fragmented debt structures into a unified legal framework aligned with IMF EFF program commitments. Successfully took over domestic government securities auctions from the Central Bank in December 2025, ending a 75-year tenure. • Operational & Strategy Gains: Launched the Medium-Term Debt Management Strategy and Annual Borrowing Plan in February 2025. Transitioned to a strategy-driven framework focusing on cost-risk optimization and transparency. Implemented risk-based measures for government guarantees and on-lending to safeguard public finances. • Global Market Impact: Established a dedicated Investor Relations Unit to enhance transparency. Marked improvements in the World Bank Debt Transparency Heatmap. Significant rise in Sri Lanka’s global investor relations ranking for 2025 as reported by the Institute of International Finance. This award validates Sri Lanka’s shift toward a modern, resilient debt management framework supported by the World Bank, ADB, and JICA. 📈