Member states of the Paris Club have expressed their commitment to negotiate debt restructuring with Sri Lanka in accordance with the comparability of treatment principle and with the goal of restoring debt sustainability, President Ranil Wickremesinghe’s office said.
Saudi Arabia and India have also expressed their support and commitment to providing financing assurances, the president’s office said in a statement on Tuesday February 07.
The Paris Club members urged other official bilateral creditors, including China, to do the same in line with the International Monetary Fund (IMF) programme, it added.
Earlier in February, the Paris Club members informed the IMF of their support for Sri Lanka debt restructuring.