President Ranil Wickremesinghe, addressing the inauguration of the Sri Lanka Economic Summit yesterday (5) in Colombo, said that China has requested Sri Lanka to speak to the Export-Import (Exim) Bank of China in connection with ongoing debt restructuring process for the purpose of accessing the International Monetary Fund’s (IMF) bailout programme.
He reiterated that Sri Lanka has commenced debt restructuring talks with China.
The President also noted that it is not easy to carry out business activities with high interest rates, but added that a meeting is likely to be held in early 2023 with regard to strengthening the economy.
“Small and medium-scale enterprises are a major concern, as we cannot allow them to collapse,”he said.