Sri Lankan Debt Issues : Union Finance Minister Nirmala Sitharaman Attends High-Level Meeting

Picture : Twitter/ ANI

Finance minister Nirmala Sitharaman attended a high-level meeting on Sri Lankan debt issues and expressed India’s commitment to support Colombo in dealing with its current economic crisis.

She emphasised that a collaboration among creditors is important to ensure transparency and equality in treatment of all creditors in the debt restructuring discussions.

The high-level meeting took place on the sidelines of the International Monetary Fund (IMF)- World Bank (WB) Spring Meetings .

Meanwhile India, Japan and France have announced a common platform for talks among creditors to address the debt restructuring programme of Sri Lanka which is grappling with its worst economic crisis.

The representatives of the three creditor countries, including Finance Minister Nirmala Sitharaman, held a press briefing on the margins of the annual spring meetings of the World Bank and the International Monetary Fund (IMF) in Washington on Thursday.

“The purpose of the event was to demonstrate the multilateral cooperation regarding the debt restructuring process among the creditors, together with Sri Lanka,” said an official statement.