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Last Updated : 2024-05-14 16:34:00
Reports about the 12-year debt moratorium for the repayment of loans from India hold no truth since it is possibly an option under consideration with no concrete decision yet, a top source said.
There were media reports earlier in India, quoting India’s Export Credit Guarantee Corporation (ECGC) Ltd’s chairman-cum-managing Director M.senthilnathan that India plans a 12-year debt moratorium on Sri Lanka.
The top source said the secretariat established by France, India and Japan discusses the debt restructuring process of Sri
Lanka and no final decision has been made yet.
However, the source said such an option would have been among steps discussed by the secretariat.
During the visit of President Ranil Wickremesinghe to India recently, debt restructuring did not feature since it was a matter being handled by the secretariat. (Kelum Bandara)
Sokrates Monday, 07 August 2023 09:30 AM
Sri Lanka has always begged in the world community, like so many other countries. But in recent years it has developed into the beggar king. And still there are people in this country who are proud of Sri Lanka and its national anthem.
Oliver de Silva Monday, 07 August 2023 10:33 AM
Why doesn't RW take the money from MRs account instead of begging from India. Begging has become a habit of this Royalist who cannot hold the looters accountable. So please a develop a mechanism to address the accountability and corruption and bring back all the looted funds.
Punchi Monday, 07 August 2023 11:37 AM
The following also applies to our paradise that like Pakistan put religion first and disharmony over coexistence: What PM Shehbaz Sharif blurted out recently isn’t quite a national secret. Though none in high office can admit it publicly, in a moment of despair he admitted that wherever he visits, disdain is written on the faces of hosts. Respecting those who keep asking for loans and rollovers is hard. This, said he, is no way to live and so, “today we have to decide whether to live uprightly or by begging”
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