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Japan calls for creditor nations’ talks on Sri Lanka debt restructuring

2 September 2022 11:45 am - 4     - {{hitsCtrl.values.hits}}

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Japanese Finance Minister Shunichi Suzuki on Friday urged all creditor nations to discuss Sri Lanka's debt restructuring, after the crisis-hit South Asian nation reached a loan agreement with the International Monetary Fund.

"It's important for all creditor nations, including China and India, to gather to discuss Sri Lanka's debt restructuring," Suzuki told a news conference.

Sri Lanka has reached a preliminary agreement with the IMF for a loan of about $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. (Reuters)


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  Comments - 4

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  • BuffaloaCitizen Friday, 02 September 2022 12:02 PM

    China will not come, they are bent on waiting for Rajapakse's to return one fine day.

    Kumar Friday, 02 September 2022 09:31 PM

    If the majority of Sri Lankans vote jarapakses in they deserve what they get. When it comes to Chinese loan, they bring their own workers, mostly convicted prisners.

    Let's build cultrual ties to Japan then Friday, 02 September 2022 03:42 PM

    Better we somehow show real concession to Japan by elevating the Japanese language as an option in our later education. They are respecting us well, so might as well push cultural connection, for our youth to get work there, as well as assistance during future financial calamity. It would be foolish to think with our current MPs, and top officials in the Central Bank that we can continue to avoid another mishap even in five years.

    Please buy out our loan to Chinese banks Friday, 02 September 2022 05:11 PM

    Good to see Japan look to assist in this way. Greater help would be to rid us of the Chinese bank loan burden, by buying out the loans. Japan can financially afford to do it, along with India. Those two can pay out the Chinese banks should they want, and then thoroughly exclude China from further financial involvement with that.


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