China reaffirms commitment to Sri Lanka’s debt restructuring process, says spokesperson

Date:

In a regular press conference held on April 13, the spokesman for the Ministry of Foreign Affairs of the People’s Republic of China, Wang Wenbin, assured that China would continue to support Chinese financial institutions in actively working out the debt treatment for Sri Lanka.

Wenbin responded to a question regarding a new platform to coordinate restructuring of Sri Lanka’s foreign debt, which is expected to be announced by Japan, France, and India. He said, “We will work with relevant countries and international financial institutions to jointly play a positive role in helping Sri Lanka navigate the situation, ease its debt burden, and achieve sustainable development. At the same time, we call on commercial and multilateral creditors to take part in Sri Lanka’s debt restructuring based on fair burden-sharing.”

On April 12, Japanese Finance Minister Shunichi Suzuki announced that Japan, France, and India would launch a new platform for creditors to coordinate restructuring of Sri Lanka’s debt. He also expressed the hope that China would join the effort.

Share post:

spot_imgspot_img

Popular

More like this
Related

Robust Revenues Push Sri Lanka beyond IMF Targets despite Monetary Concerns

Robust Revenues Push Sri Lanka beyond IMF Targets despite Monetary Concerns

Sri Lanka Launches Online Ticketing to Ease National Park Queues

Sri Lanka Launches Online Ticketing to Ease National Park Queues

President to visit US and Japan in September for key diplomatic engagements

President to visit US and Japan in September for key diplomatic engagements

Sri Lanka Customs Revenue Soars surpassing Targets amid Anti-Corruption Drive

Sri Lanka Customs Revenue Soars surpassing Targets amid Anti-Corruption Drive