COLOMBO, Dec. 30 -- Sri Lanka's Securities and Exchange Commission (SEC) is exploring the introduction of infrastructure and municipal bonds as alternative financing mechanisms to fund large-scale public projects, including roads, railway networks and other key infrastructure, SEC Chairman D.B.P.H. Hareendra Dissabandara said on Monday (29).

The move comes as the central government continues to allocate a substantial portion of the national budget for public investment, even as fiscal space remains constrained following recent economic shocks and the widespread infrastructure damage caused by Cyclone Ditwah last month.

Speaking to reporters on the sidelines of an SEC event, Dissabandara said proposals for new bond instruments are alread...