Technical Assistance for Government Debt & Infrastructure Finance - Sri Lanka

Enhance capacity to effectively plan for and manage the sovereign's debt, including advice on debt management organization, relevant laws, capacity building, and introduction of global best practices.

Provide technical assistance to the CBSL to prepare a Request for Proposal (RFP) with detailed specifications for an automated trading system (ATS).

The RFP will also include a request from the vendor to provide a proposal for a bond clearing platform appropriate for the ATS proposed by the vendor, including requirements, functionalities, costs, and an implementation plan immediately after setting up the trading system.

Develop a consolidated debt database (data warehouse) that can be used by the CBSL, Treasury Operations Department, External Resources Department, and understand, analyze, and manage the total stock of outstanding sovereign debt, including contingent liabilities such as sovereign guarantees.

Develop practices and strategies to help minimize interest rate volatility in the government securities market, including instituting regular and predictable issuance, developing appropriate new instruments, and enhancing market communication.