Debt restructuring proceeding well in Sri Lanka – IMF

IMF Communications Department Director Julie Kozack said recently that debt restructuring has been proceeding well in countries such as Sri Lanka.

Speaking to the media she said creditor co-ordination too is progressing.

“We have talked, many times about the challenges of debt globally. We have many, particularly of our low-income and vulnerable countries, at or near debt distress. And for many of these countries, they require a debt restructuring or debt treatment. The G20’s common framework has been delivering on debt restructuring cases, such as the ones that you have mentioned, Chad, Ghana and Zambia,” as well, she added.