The Active Liability Management Act, No.8 of 2018 was approved in Parliament in order to ensure that the financing needs for the re-payment of the public debts are obtained in a more prudent manner with a view to improving Public Debt Management.

Accordingly, taking into consideration the Public Debt maturity structure during the period from 2020 to 2029, the Monetary Board of the Central Bank of Sri Lanka has recommended to raise a sum not exceeding Rs.480 billion, in or outside Sri Lanka, for such purposes as specified in the provisions of the Active Liability Management Act, No.8 of 2018.

Hence, the proposal made  Finance minister, Mangala Samaraweera, to move a resolution in Parliament to raise a sum not exceeding Rs.480 billion, in terms of the provisions of the Active Liability Management Act, No.8 of 2018, was approved by the Cabinet.