Japan to Resume Development Projects in Sri Lanka Following Economic Reforms

Date:

June 28, Colombo (LNW): The Japanese government has decided to restart development projects in Sri Lanka that were previously suspended, due to the country’s progress in implementing economic reforms.

Japanese envoy in Colombo, Misukoshi Hideaki, announced that steps will be taken to resume these projects after the relevant Memorandums of Understanding (MoUs) regarding debt restructuring are signed.

Speaking at a press conference in Colombo, the Ambassador expressed satisfaction over the signing of debt restructuring agreements with bilateral creditors and reaffirmed Japan’s commitment to supporting Sri Lanka.

Share post:

spot_imgspot_img

Popular

More like this
Related

Prima KottuMee backs Young Footballers with Scholarships

Rashika Hennayake September 12, Colombo (LNW): Prima KottuMee has...

AKD Should Be Presidential: Cutting the Benefits for Former Presidents Looks Vindictive

By Adolf In most democracies, the privileges extended to former...

ICC Sri Lanka Opens South Asia’s First Arbitration and Mediation Hearing Center

The International Chamber of Commerce (ICC) Sri Lanka has...

Sri Lanka at a Crossroads: Domestic Justice or International Oversight?

By: Ovindi Vishmika September 12, Colombo (LNW): Sri...