7 August 2023 09:10 am Views - 752
Reports about the 12-year debt moratorium for the repayment of loans from India hold no truth since it is possibly an option under consideration with no concrete decision yet, a top source said.
There were media reports earlier in India, quoting India’s Export Credit Guarantee Corporation (ECGC) Ltd’s chairman-cum-managing Director M.senthilnathan that India plans a 12-year debt moratorium on Sri Lanka.
The top source said the secretariat established by France, India and Japan discusses the debt restructuring process of Sri
Lanka and no final decision has been made yet.
However, the source said such an option would have been among steps discussed by the secretariat.
During the visit of President Ranil Wickremesinghe to India recently, debt restructuring did not feature since it was a matter being handled by the secretariat. (Kelum Bandara)