Paris Club members express commitment to negotiate debt restructuring with Sri Lanka

7 February 2023 06:59 pm Views - {{hitsCtrl.values.hits}} 2 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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The Paris Club members have expressed their commitment to negotiate a debt restructuring with Sri Lanka in accordance with the comparability of treatment principle and with the goal of restoring debt sustainability, the President's Media Division (PMD) said today.

PMD said in a statement that Saudi Arabia and India also expressed their support and commitment to providing financing assurances. The Paris Club members urged other official bilateral creditors, including China, to do the same in line with IMF program parameters.

Comments - 2

Ozman Tuesday, 07 February 2023 07:19 PM

I think the creditors are committed but there is no proper leadership to coordinate and expedite between IMF and the Govt. The Government want IMF to bring Funds to the door step and IMF wants to country to go them with Ego. Overall because of these delays many people in the country suffer

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Suresh Tuesday, 07 February 2023 07:57 PM

If China cooperates, then all else would be fine.

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