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Paris Club assures fullest support to Sri Lanka

17 Oct, 2022

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The Paris Club has assured its fullest support for Sri Lanka?s ongoing efforts to find an early resolution to its debt crisis.

The assurance was given when State Minister of Finance Shehan Semasinghe met William Roos, Co-Chairman of the Paris Club.

The discussion took place during the IMF/World Bank Annual Meetings in Washington.

“Met with Mr. William Roos, Co-Chairman of the Paris Club during the IMF/World Bank Annual Meetings. Mr. Roos assured The Paris Club?s fullest support for Sri Lanka?s ongoing efforts to find an early resolution to its debt crisis,” State Minister Shehan Semasinghe tweeted.

The Paris Club creditor nations last month reached out to China and India seeking to coordinate closely on Sri Lanka?s debt talks but is still awaiting a reply.

Paris Club officials reached out to two of Sri Lanka?s biggest bilateral creditors after the crisis-hit nation reached a staff-level agreement with the International Monetary Fund board for a $2.9 billion loan in September.

The Paris Club still hasn?t received a reply from either country. Officials also met with Indian officials in Washington on the sidelines of the annual meetings of the International Monetary Fund and World Bank. Chinese officials were not present in person.?(Colombo Gazette)

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