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Japan calls for creditor nations’ talks on SL debt restructuring

3 September 2022 12:00 am - 0     - {{hitsCtrl.values.hits}}

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Japanese Finance Minister Shunichi Suzuki yesterday urged all creditor nations to discuss Sri Lanka’s debt restructuring, Reuters reported.


Suzuki made the comments a day after the island nation struck a staff-level agreement with the International Monetary Fund (IMF).


Addressing a news conference, Suzuki said, “It is important for all creditor nations, including China and India, to gather to discuss Sri Lanka’s debt restructuring.”


Sri Lanka has reached a preliminary agreement with the IMF for a loan of about US $ 2.9 billion, the global lender said on Thursday, as the country seeks a way out of its worst economic crisis since independence from Britain 
in 1948.


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