SL looks for common agreement with creditors

Sri Lanka looks for common agreement with Japan, China & India

by Teena Marian 06-10-2022 | 11:09 AM

COLOMBO (News 1st) - Sri Lankan President Ranil Wickremesinghe said that Sri Lanka hopes to reach a common agreement with creditor nations including Japan, China & India.

He told Parliament on Thursday (6) that the country already commenced dialogues with Ambassadors from other countries, that have already provided debt to Sri Lanka.

President Wickremesinghe said that after reaching an agreement with the creditor nations, and private lenders Sri Lanka will be able to secure an IMF assurance.

The President said thereafter, Sri Lanka will be able to access bridging finace with lenders like the World Bank, and the Asian Development Bank.

He said that Sri Lanka hopes to access around USD 1 Billion through bridging finace.