25.1 C
Wednesday, February 21, 2024

Talks on with India to restructure SL debt


Share post:


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

India and Greece heading towards doubling bilateral trade by 2030: PM Modi

New Delhi: Prime Minister Narendra Modi on Wednesday held bilateral talks with his Greek counterpart Kyriakos Mitsotakis in...

Demand for removal of K K Pathak rocks Bihar Assembly

Patna: Bihar Chief Minister Nitish Kumar lost his cool over the demands of the opposition for removal of...

Target of CD ratio should be 65 pc next year: Yogi

Lucknow: Chief Minister Yogi Adityanath on Wednesday expressed his satisfaction with the state's current credit-deposit (CD) ratio of...

21st round of India-China Corps Commander level meeting held at Chushul-Moldo border

New Delhi: The 21st round of India-China Corps Commander level meeting seeking complete disengagement in the remaining areas...