Sri Lanka, India hold initial debt restructuring talks | Sinhala News

Sri lanka News – India has held talks with Sri Lanka on re-structuring its official debt, the Indian High Commission in Colombo said.

The first round of discussions were held on September 16.

“The discussions held in a cordial atmosphere symbolize India’s support to early conclusion and approval of a suitable IMF Programme for Sri Lanka, for which financing assurances from creditors to make Sri Lanka’s debt sustainable are required,” the statement said.

“India will continue to remain closely engaged with relevant Sri Lankan stakeholders.”

India has given around 4.0 billion US dollars in import credits, swaps and also support for the central bank through deferred payments.

( Information from economynext.com was used in this report. To Read More, click here | Also if you have any problem of this article or if you need to remove this articles, please email here and we will delete this immediately. [email protected] or [email protected] )

Leave a Comment

Share to...