The Ceylon Chamber of Commerce stressed the importance of patience and trust in the domestic debt restructuring process, in a media release.
The release:
“As emphasised by the Central Bank of Sri Lanka, priority focus will be on maintaining financial system stability and ensuring that depositorswill not be adversely impacted. It is vital that we collectively allow for comprehensive and thorough examination of the proposed plan, followed by constructive dialogue based on the final document. Only then can meaningful consensus be achieved, keeping the national interest as priority.
“The Ceylon Chamber of Commerce urges all political parties and stakeholders concerned to act with responsibility and await the finalisation of the proposed debt restructuring plan. This will be a crucial step of the overall debt sustainability agenda and will assist in driving forward the other crucial reforms connected to it. “While we understand and recognise the right to an open dialogue, we must be mindful of the market sensitivities around restructuring debt and the need to avoid misinformation and speculation, which fuels uncertainty among the public.
“The Ceylon Chamber remains committed to fostering productive, informed dialogue and collaboration among all stakeholders.
We trust that all parties involved in the discussion will uphold this principle for the benefit of our nation’s socio-economic development,” the statement noted.