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Speaker Backs Repeal of Foreign Loans Act in Key Vote

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On May 24, Hon. Speaker (Dr.) Jagath Wickramaratne approved the certification for the Foreign Loans (Repeal) Bill in Parliament on Wednesday (23).

After the Second Reading debate took place today, the Bill moved on to be examined during the committee stage.

Following the Third Reading, it was approved in Parliament without any amendments or votes.

The bill was introduced to Parliament on May 8, 2025, for its first reading.

Consequently, this Bill will take effect as the Foreign Loans (Abolishment) Act, No. 6 of 2025.

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