Japan, India and France announced the launch of the debt restructuring negotiation process on Sri Lanka
2023/4/20
On 13th April in Washington D.C., Japan, India and France announced the launch of the debt restructuring negotiation process on Sri Lanka among official bilateral creditors to coordinate restructuring of Sri Lanka’s debt and demonstrated our strong commitment to leading the debt negotiation process of Sri Lanka, at the joint press occasion attended by Mr. SUZUKI Shunichi, Finance Minister of Japan, Ms. Nirmala Sitharaman, Minister of Finance & Corporate Affairs of India, and Mr. Emmanuel Moulin, Director General of the Treasury of France, together with Mr. Ranil Wickremesinghe, President and Minister of Finance of Sri Lanka (online), Mr. Shehan Semasinghe, State Minister of Finance of Sri Lanka, Ms. Kristalina Georgieva, Managing Director of the IMF, and Mr. OKAMURA Kenji, Deputy Managing Director of the IMF.
The process will be open to all the official bilateral creditors, as Minister Suzuki stressed, and it is vital for all the creditors to gather and discuss the debt restructuring in a comparable and transparent manner. Japan continues working closely with the creditor countries for an early conclusion of the debt restructuring process.
The launch of the process is an important milestone, which could pave the way for solving the debt issues of middle-income economies like Sri Lanka.
As a long-standing partner, Japan will continue to support the people of Sri Lanka in overcoming the difficulties the nation faces and bringing itself back on a track of robust development.
The process will be open to all the official bilateral creditors, as Minister Suzuki stressed, and it is vital for all the creditors to gather and discuss the debt restructuring in a comparable and transparent manner. Japan continues working closely with the creditor countries for an early conclusion of the debt restructuring process.
The launch of the process is an important milestone, which could pave the way for solving the debt issues of middle-income economies like Sri Lanka.
As a long-standing partner, Japan will continue to support the people of Sri Lanka in overcoming the difficulties the nation faces and bringing itself back on a track of robust development.