President assures transparency, seeks coordination in open letter to bilateral creditors

 

In an open letter to Sri Lanka’s official bilateral creditors and the Paris Club creditors, President Ranil Wickremesinghe has requested to foster the coordination required for the International Monetary Fund (IMF) supported programme.

President Wickremesinghe has praised the diligence and expressed his gratitude to the Paris Club creditors and Japan in particular, and to India and China for enabling the cooperation required to arrive at this point and explicitly delivering IMF-compatible financing assurances.

Hence, this new era starts with the full implementation of the IMF-supported program and the resolution of Sri Lanka’s debt situation with the official bilateral creditors as longstanding partners, as well as with the commercial creditors.

Further, the commitment to a comparable treatment of all external creditors, to ensure all-around equitable burden sharing for all restructured debts, is also reiterated in the president’s letter to the official bilateral creditors.