COLOMBO– Sri Lanka will appoint advisers to help with its debt restructuring in the next 20 days, Finance Minister, Ali Sabry said.
The minister told local media yesterday from Washington, via video link that, restructuring the country’s unsustainable external debt is a major condition, to obtain financial assistance from the International Monetary Fund (IMF).
Sabry said, the discussions he started with IMF officials in Washington would end today, and that there are a lot more discussions to be held ahead.
Meanwhile, IMF’s mission chief for Sri Lanka, Masahiro Nozaki, yesterday welcomed Sri Lanka’s planned negotiations with creditors.
“The IMF team welcomed the authorities’ plan to engage in a collaborative dialogue with their creditors,” he said.
Source: NAM NEWS NETWORK