The Committee on Public Finance (COPF) has granted its approval for the Domestic Debt Optimization (DDO) program, following unanimous approval by the Cabinet earlier this week. Chaired by Member of Parliament Dr. Harsha de Silva, the COPF convened for the third consecutive day today to engage in constructive discussions regarding the domestic debt restructuring strategy.

The DDO program aims to optimize the management of domestic debt, ensuring its sustainability and minimizing the financial burden on the economy. With the COPF's endorsement, the proposal will now move forward for implementation.

Dr. Harsha de Silva, renowned economist and chairperson of the COPF, expressed satisfaction with the comprehensive discussions held during the committee's meetings.

The approval of the DDO program comes at a crucial time when the government is focusing on fiscal reforms and economic stabilization measures. By optimizing the management of domestic debt, the program aims to reduce the cost of borrowing, enhance market confidence, and create a favorable environment for economic growth.