By: Isuru Parakrama
Colombo (LNW): Shunichi Suzuki, the Japanese Finance Minster has welcomed Sri Lanka’s recently launched coordinated debt restructuring programme for the bilateral creditors of Sri Lanka amidst its worst recession since independence.
With Japan, India and France announcing the commencement of the programme in April, 2023, Suzuki emphasised that it is essential to improve debt data transparency and accuracy to prevent future debt crisis.
He also acknowledged the higher risks faced by low and middle income nations concerning debt vulnerabilities in the midst of the Covid pandemic and Russia’s invasion of Ukraine.
