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

Ranil and AKD: A Tale of Two Presidencies, Courtesy of the Constitution

By Adolf Sri Lanka’s politics has always been shaped by...

Cashew Industry Stumbles amid Policy Hurdles and Supply Shortfalls

Sri Lanka’s ambitions to transform cashew into a major...

Government Fast Tracks Reforms Targeting Corporate Transparency

The government is swiftly pushing new legislative reforms to...

Sri Lanka’s Duty-Free Car Permit System Faces Scrutiny 

Sri Lanka’s long-standing duty-free vehicle permit scheme, originally designed...