Sri Lanka concludes debt restructuring talks with Japan, discussions with India soon: President Wickremesinghe


Source: firstpost.com firstpost.com

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Colombo: Sri Lanka has concluded debt restructuring talks with Japan and will continue to hold such meetings with India this month, President Ranil Wickremesinghe announced on Saturday, as the cash-strapped country looks to carve a path out of its worst financial crisis. The crisis-hit island nation, which is trying to secure a $2.9 billion bridge loan from the International Monetary Fund (IMF), has been trying to get financial assurances from its major creditors, China, Japan, and India, which is the requisite for Colombo to get the bailout package. The IMF bailout has been put on a halt as Sri Lanka...