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Japan reiterates conditions to resume stalled projects in Sri Lanka

31 Jul, 2023

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Japan has reiterated that stalled projects in Sri Lanka will resume only after the debt restructuring process is completed.

FUJIMARU Satoshi, Minister of State in the Cabinet Office of Japan, and YAMAMOTO Kozo, former Minister of State for Regional Revitalization and Regulatory Reform, called on President Ranil Wickremesinghe at the Presidential Secretariat today (31).

During the meeting, they discussed the stalled development projects in Sri Lanka, which were previously supported by the Japanese Government.

“The parties agreed to restart these projects once the credit optimization process in Sri Lanka is completed. Additionally, they decided to involve officials from the Japanese Embassy in Sri Lanka in conducting an investigation related to these projects,” the President’s Media Division said.

The Japanese delegation, including Mizukoshi Hideaki, Ambassador of Japan to Sri Lanka, President’s Senior Advisor on National Security and Chief of Staff Sagala Ratnayaka, and President’s Senior Adviser on Economic Affairs Dr. R.H.S. Samaratunga were among those who attended the meeting. (Colombo Gazette)

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