While banks were excluded due to existing stress & non-performing loans, the EPF/ETF, which carries most of the burden, faces potential opportunity loss and lacks a say in decisions impacting peoples’ life savings. This raises questions about #equity and #transparency. 2/6
Productive discussions were held with #creditors incl #banks and insurance funds, who expressed relief over the proposed #DDO plan. The exclusion of banks allows them to aggressively participate in the market, supporting businesses, especially the hard-hit #MSME sector. 4/6 #SME
Tomorrow, we meet again to reach a consensus & proceed to @ParliamentLK debate. We'll also brief non-COPF members for better understanding and fruitful debates this weekend. Stay tuned for updates on this critical step towards our economic recovery! 📈🇱🇰 #DDO#SriLankaEconomy 6/6