India discusses Sri Lanka’s debt-restructuring process
The High Commission of India in Colombo held the first round of discussions on September 16, in Colombo with the Government on restructuring Sri Lanka’s bilateral official debt to India.
This is in response to a recent request from the Government of Sri Lanka.
The discussions symbolize India’s support to early conclusion and approval of a suitable IMF Programme for Sri Lanka, for which financing assurances from creditors to make Sri Lanka’s debt sustainable are required. India will continue to remain closely engaged with relevant Sri Lankan stakeholders, the High Commission said.