Japan ready to restart Sri Lanka projects upon debt repayment

Date:

June 17, Colombo (LNW): Japan has expressed readiness to restart halted development initiatives in Sri Lanka once the country begins its debt repayment process, Foreign Minister Ali Sabry revealed.

Speaking at a press briefing held at the Presidential Media Centre, Minister Sabry disclosed his upcoming visit to Japan next month for further negotiations.

“Japan has indicated their intention to resume suspended projects upon the commencement of repayments. I am scheduled to travel to Japan in early July at the invitation of the Japanese Foreign Minister, aiming to finalise the restart of these projects prior to my visit,” Minister Sabry stated.

He added that Sri Lanka has received assurances from its longstanding creditor that all projects initiated with Japanese support will recommence once an agreement is reached with bilateral creditors.

Share post:

spot_imgspot_img

Popular

More like this
Related

Stopover justice: When a layover becomes an indictment

Stopover justice: When a layover becomes an indictment

Response to HNB Coup: An Irresponsible HNB Board Risks a Proud Legacy

Response to HNB Coup: An Irresponsible HNB Board Risks a Proud Legacy

Tea Prices Slide as Official Optimism Masks Market Strain

Sri Lanka’s tea industry entered 2026 on visibly shaky...

Plantation Dreams, Financial Nightmares: CBSL Moves against Illegal Investment Schemes

Sri Lanka’s Central Bank has launched investigations into at...