SL successfully concludes second round of talks with creditors: Shehan Semasinghe

COLOMBO (News 1st) - State Minister of Finance Shehan Semasinghe said Sri Lanka's second round of discussions with creditors concluded successfully.

He added that legal advisers, financial advisers and major creditors including China, India and Japan joined the discussions.

Several reforms were made since March, in order to obtain IMF assistance, and restructure the country's debt.

The State Minister added that Sri Lanka has agreed to deal with all creditors in a transparent manner.

The Central Bank of Sri Lanka and the Ministry of Finance have communicated that they will work with the creditors to provide them with the necessary information and clarifications.

The State Finance Minister said that the IMF Board of Directors will grant its approval, as soon as Sri Lanka obtains assurance from its creditors, and these discussions are vital for the process.

Sri Lanka expects to receive assistance from the IMF by the end of 2022.