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Sri Lanka confident of speedy debt resolution: Semasinghe

21 April 2024 10:41 am - 6     - {{hitsCtrl.values.hits}}

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Colombo, April 21 (Daily Mirror)- Sri Lanka remains steadfast in its commitment to reaching the debt restructuring targets and is confident of smooth progress in the continued good-faith engagements for a speedy debt resolution that will ensure debt sustainability and comparability of debt treatment, State Minister of Finance Shehan Semasinghe said.

In a statement posted on X, he said it was heartening to note the widespread appreciation and support for Sri Lanka's debt restructuring process.

The Minsiter said the International Monetary Fund and the World Bank Spring Meetings 2024 were successfully concluded today with positive outcomes achieved during these pivotal gatherings, which signify a renewed sense of determination and hope for Sri Lanka.

"The strides made in our economic recovery and financial stability have been acknowledged as significant advancements towards our country's prosperity by our stakeholders and international partners. They lauded the reforms implemented under the leadership of President  Ranil Wickremesinghe and the Government.

"It was great to engage in productive bilateral discussions with all of whom appreciated the recent economic developments, progress in debt restructuring, strengthening of tax administration, and ongoing governance reforms.

"Further, it was heartening to note the widespread appreciation and support for Sri Lanka's debt restructuring process.We remain steadfast in our commitment to reaching the restructuring targets and confident of smooth progress in the continued good-faith engagements for a speedy debt resolution that will ensure debt sustainability and comparability of debt treatment," he added.

He also said it is imperative for all Sri Lankans to unite and support Sri Lanka's journey towards economic recovery and growth. 

"Let us refrain from actions that could impede our progress as a nation or undermine our collective efforts towards stability, sustainability and prosperity," he said.

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  Comments - 6

  • Lk Sunday, 21 April 2024 11:34 AM

    We will have another economic crisis and trouble days in 2028 according to a Prof from university of Peradaniya .. Now some politicians lecture about debt restructuring after made this country bankrupt.. People are innocent and professional people are innocent too..civil servants can't do anything. When all these politicians are robbing the country.. Now people want a political change They find a link between politics and our situation now . That link is these people have ruined the country and yet shamelessly they don't take responsibility for that .. Live and let us live should be the right advice to all these politicians

    Nimal Sunday, 21 April 2024 12:20 PM

    It has been dubbed "speedy"for the last two years, and certainly will be for at least the next twenty.

    Lankan Sunday, 21 April 2024 12:29 PM

    our politicians create the problems first and find the solution to those problems later on. Unfortunately, they use these problems to make politics out of those problems. As long as problems are out there they know they can fool the public by showing all those issues. Now our problems are not mere economic crisis alone but our politicians have a greater problem for the 22 million people. these people are more problematic than all those economic problems. they create problems to keep them in power. Now people are clever enough to know foxes from deer in politics,, Thank God, Sri Lankans are smarter and clever than all those aging politicians.

    Looking Glass Sunday, 21 April 2024 12:42 PM

    Sajith will have to change his tune soon. Silly guy.

    Won’t Be Anytime Soon Sunday, 21 April 2024 01:05 PM

    This guy is in dreamland! Speedy recovery won’t happen anytime soon. If lucky, within this generation. Debts and interest are mounting by the month at the rate this government’s expenditures are. So don’t belittle the people’s intelligence and start to pack up for a new set of politicians to take over soon.

    Joshua Sunday, 21 April 2024 08:37 PM

    This fellow is good for a fools paradise

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