South Asia and Beyond

Sri Lanka Assures ‘Comparable Treatment’ To All Its Creditors

 Sri Lanka Assures ‘Comparable Treatment’ To All Its Creditors

President Ranil Wickremesinghe has promised to engage in a transparent manner with all  creditors in the upcoming debt restructuring process. He also invited other creditors—both bilateral and commercial—to take part in the process kicked off by Japan, India and France. Wickremesinghe further said he would present Sri Lanka’s agreement with the International Monetary Fund (IMF) to Parliament for approval and bring in legislation to ensure its implementation. India’s Finance Minister Nirmala Sitharaman said close coordination among creditors is critical to restore Sri Lanka’s debt sustainability and stressed that India is committed to facilitating an early debt restructuring process, reports Daily Mirror.


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