Japan calls for creditor nations' talks on Sri Lanka debt restructuring | Inquirer Business

Japan calls for creditor nations’ talks on Sri Lanka debt restructuring

/ 10:18 AM September 02, 2022

Japanese Finance Minister Shunichi Suzuki

Japanese Finance Minister Shunichi Suzuki attends the G20 Finance Ministers Meeting in Nusa Dua, Bali, Indonesia July 16, 2022. Sonny Tumbelaka/Pool via REUTERS/File photo

TOKYO  – Japanese Finance Minister Shunichi Suzuki on Friday urged all creditor nations to discuss Sri Lanka’s debt restructuring, after the crisis-hit South Asian nation reached a loan agreement with the International Monetary Fund.

“It’s important for all creditor nations, including China and India, to gather to discuss Sri Lanka’s debt restructuring,” Suzuki told a news conference.

Sri Lanka has reached a preliminary agreement with the IMF for a loan of about $2.9 billion, the global lender said on Thursday, as the country seeks a way out of its worst economic crisis since independence from Britain in 1948.

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TAGS: creditors, debt restructuring, Japan, Sri Lanka

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