Start of bilateral discussions with Government of Sri Lanka on debt-restructuring

Date:

In response to a recent request from the Government of Sri Lanka, the High Commission of India in Colombo held the first round of discussions on 16 September 2022 in Colombo with the Government of Sri Lanka on restructuring Sri Lanka’s bilateral official debt to India. The discussions held in a cordial atmosphere symbolize India’s support to early conclusion and approval of a suitable IMF Programme for Sri Lanka, for which financing assurances from creditors to make Sri Lanka’s debt sustainable are required. India will continue to remain closely engaged with relevant Sri Lankan stakeholders.

****

Colombo

20.09.2022

Share post:

spot_imgspot_img

Popular

More like this
Related

India’s generosity in Ditwah’s wake, a partnership of reliability

By Krishantha Prasad Cooray Dr. S. Jaishankar, India’s foreign minister...

India’s $450 Million Cyclone Aid: Relief, Strategy and Indian Ocean Stakes

India’s decision to extend a USD 450 million financial...

Why MSMEs Fall Through the Cracks After Every Disaster

 The devastation caused by Cyclone Ditvah has once again exposed a...

IMF Flags CycloneShock, Warns Sri Lanka’s Recovery at Risk

Sri Lanka’s fragile economic recovery has been dealt a...