Japan calls for creditor nations’ talks on SL debt restructuring

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.