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 the PDD to the Payments and Settlements Department (PSD), with effect from 1 January 2026.

The move follows the establishment of the Public Debt Management Office (PDMO) within the Ministry of Finance, Planning and Economic Development under the Public Debt Management Act No. 33 of 2024.

The PDMO was set up in December 2024 and became fully operational in December 2025, assuming full responsibility for the debt management functions previously carried out by the PDD.

According to the CBSL, the transfer is aimed at strengthening institutional accountability while enhancing the efficiency and transparency of Sri Lanka’s debt management framework.

However, in line with the provisions of the Public Debt Management Act and the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL will continue to operate the Scripless Securities Settlement System and the Central Depository System for government securities under the Payments and Settlements Department, effective 1 January 2026.

The Director of the PSD has been appointed as the Registrar of Government Securities.