US Ambassador stresses fairness in Sri Lanka’s debt overhaul

Date:

Colombo (LNW): US Ambassador to Sri Lanka, Julie Chung, emphasised the importance of equity and transparency in Sri Lanka’s debt restructuring during a meeting with the Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe.

Their discussions focused on Sri Lanka’s engagement with the International Monetary Fund (IMF).

Ambassador Chung lauded the Central Bank for reaching a staff-level agreement with the IMF and reiterated the US’s commitment to fostering a fair and transparent economic environment in Sri Lanka that promotes stability and growth.

“Today, at my meeting with Central Bank Governor I extended my congratulations on the IMF’s staff-level agreement, marking progress in Sri Lanka’s effort to secure the second IMF installment.  I reinforced the need for fairness in Sri Lanka’s debt restructuring: equal & equitable treatment for all creditors is essential. Transparency from every party involved is crucial. The United States remains committed to an economic landscape that values fairness, transparency, integrity, and inclusivity, ensuring stability & growth in Sri Lanka,” Chung wrote on her X.

Share post:

spot_imgspot_img

Popular

More like this
Related

Digital education push proposed to tackle nationwide teacher shortage

June 22, Colombo (LNW): Prime Minister Dr Harini Amarasuriya...

Top-performing A/L students honoured in new Presidential Recognition Scheme

Top-performing A/L students honoured in new Presidential Recognition Scheme

Sri Lanka commends India for evacuation assistance amid escalating Iran conflict

Sri Lanka commends India for evacuation assistance amid escalating Iran conflict

Several spells of showers expected across island (June 22)

Several spells of showers expected across island (June 22)