33.5 C
Delhi
Friday, August 15, 2025

Talks on with India to restructure SL debt

Date:

Share post:

Donate-GC-Razorpay

Colombo: Lazard, the external debt advisory firm selected by Sri Lanka to help restructure its debt, has commenced discussions with India, China and Japan.

Lazard has been hired to hold discussions with bilateral and other debt holders.

“These discussions are ongoing, and I hope we will be able to come to a consensus soon,” The Island newspaper quoted Minister Ramesh Pathirana as saying.

Debt restructuring is important for Sri Lanka to receive IMF aid as well.

The IMF has said that debt relief from Sri Lanka’s creditors and additional financing from multilateral partners would be required to help ensure debt sustainability and close financing gaps.

Related articles

From Reform to Viksit Bharat: Modi’s Independence Day Call for India’s Next Leap

 On India’s 79th Independence Day, Prime Minister Narendra Modi stood at the Red Fort with a message that...

From Steady Reform to Strategic Resolve: PM Modi’s Independence Day Shift from 2024 to 2025

Some speeches speak only to the people. Others speak to the world. This year’s Independence Day address did...

32 Dead, 120 Injured in Chositi Cloudburst; Pilgrimage Route Disrupted, Leaders Oversee Rescue Operations

In a heart-wrenching calamity, a massive cloudburst struck the Chositi area of Kishtwar district in Jammu and Kashmir,...

Best Ingredients to Combine with Niacinamide Face Serum for Glowing Skin

Many people now focus on choosing skincare products that complement each other for better and faster results, rather...