Japan welcomes Sri Lanka’s debt restructuring efforts

3 July 2024 08:57 am Views - {{hitsCtrl.values.hits}} 6 Bookmark

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Tokyo, July 3 (Japan Today) - Foreign Minister Yoko Kamikawa on Tuesday praised Sri Lanka's recent efforts to address its economic crisis and debt restructuring, following the South Asian country's agreement with creditor nations, according to the Japanese government.

Kamikawa met with her Sri Lankan counterpart, Ali Sabry, in Tokyo, and they agreed that their countries will further promote exchanges of human resources, according to the Japanese Foreign Ministry.

Sri Lanka announced last week it had reached a debt restructuring deal covering about $5.8 billion with creditor countries, including China, its largest bilateral lender, and Japan.

Sri Lanka defaulted on its foreign debt in 2022, triggering an economic crisis.

Kamikawa and Sabry last held talks in May in Colombo, affirming their commitment to work together toward the "transparent" restructuring of the country's debt.

Comments - 6

Local Guest Wednesday, 03 July 2024 09:44 AM

RANIL'S ABILITY.

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Ram Wednesday, 03 July 2024 11:13 AM

Ranil claims that restructuring is complete with the creditors but not ready to table the relevant documents in Parliament or to show them to the relevant parliamentarians. Ranil's conduct throws a huge doubt about the restructuring

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Iwazaru Wednesday, 03 July 2024 02:56 PM

The debt repayment has been differed for which the conditions are not know. Sri Lanka is still bankrupt until it starts paying back the debt.

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Educate The Masses SL Still Bankrupt Wednesday, 03 July 2024 03:25 PM

Correct. But many think Ranil was able to remove these loans. Therefore new loans are possible and country will get its footing back. Wonder how to educate these ignorant fools that SL is still Bankrupt and most of the current morons in power are making it bleed further.

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Samuel Thursday, 04 July 2024 11:41 AM

The recovery time is slow and painful, Ranil said at the very beginning it will gradually turn to the better. That's what's happening now. Look what a lot of new projects are initiated even before restructuring. The economic recovery has just begun.

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Sambo Wednesday, 03 July 2024 07:41 PM

What's the pint in restructuring 10 billion out of a hundred billion and lighting crackers and putting up posters by those uneducated morons.

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