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 PDD to the Payments and Settlements Department (PSD), effective 01 January 2026.

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

The PDMO became fully operational in December 2025, assuming full responsibility for debt management functions previously carried out by PDD. 

The transfer aims to strengthen institutional accountability and enhance efficiency and transparency in Sri Lanka’s debt management framework.

However, under the provisions of the PDM Act and the Central Bank of Sri Lanka Act No. 16 of 2023, CBSL will continue to operate the Scripless Securities Settlement System and the Central Depository System for government securities under PSD, effective 01 January 2026, with the Director of PSD appointed as Registrar of Government Securities.