Monday, November 28, 2022

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Ranil to leave for Philippines to get the assistance of Asian countries in debt restructuring

President Ranil Wickremesinghe is scheduled to leave for the Philippines on the 26th. That is to participate in the 57th Congress of the Asian Development Bank which will be held in Manila from the 26th to the 30th.

Wickramasinghe will participate in the conference as the Minister of Finance.

Sri Lanka has the position of chairman of this year’s conference. That was according to a request made by the then Finance Minister Ravi Karunanayake in 2016.

The conference was scheduled to be hosted by Sri Lanka in March, but due to the situation in the country, the then Finance Minister Mahinda Rajapaksa asked the heads of the Asian Development Bank to postpone the conference.

According to that request, the 57th Congress was postponed and it was later decided to hold it in Manila, Philippines, hosted by Sri Lanka.

It is also reported that the President will ask Asian countries to support the debt restructuring program initiated by the Sri Lankan government.

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