China to support Sri Lanka’s debt restructuring plan - State Minister of Finance
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JAN
29

China to support Sri Lanka’s debt restructuring plan - State Minister of Finance

China to support Sri Lanka’s debt restructuring plan - State Minister of Finance

 

China has agreed to support Sri Lanka’s debt restructuring plan, State Minister of Finance Shehan Semasinghe stated. 


Accordingly, Semasinghe stated that the Export-Import Bank of China (EXIM) has agreed, in writing, to support Sri Lanka’s debt restructuring programme. 


Stating that the debt restructuring plan has been successful thus far, Semasinghe noted that the government of Sri Lanka aims to obtain board-approval for the Extended Fund Facility )EFF) due to be received by the International Monetary Fund (IMF) within the first quarter of this year.


Semasinghe’s announcement comes in the backdrop of India, too, confirming their support towards the island’s debt restructuring plan.

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