Wednesday, 19 July 2023 10:55

EPF holds the 36 percent of Government Treasury Bonds Featured

The Employees Provident Fund (EPF), Sri Lanka’s largest superannuation fund, was the predominant holder of Government Treasury Bonds at the end of 2022, according to PublicFinance.lk.

The Sri Lankan government unveiled its Domestic Debt Restructuring plan on June 28, 2023.Inaccordance with this plan EPF and banks hold 36 percent each of government treasury bonds

A key component of this plan is the restructuring of bond holdings associated with superannuation funds, which are funds set up for retirement benefits, the platform for public finance-related information in Sri Lanka noted.

Sri Lanka legislators have raised questions about the net present value hit on the Employment Provident Fund from a domestic debt re-structure given the lack of disclosure on its investments by its management, in a parliamentary debate

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