INSUBCONTINENT EXCLUSIVE:
President Ranil Wickramasinghe states that the government expects to receive Indias response regarding Sri Lankas debt restructuring at the
end of this month.The President stated that the negotiations with China relating to financial obligation restructuring have recommenced.The
President exposed this during a discussion held today (06) with newspaper editors and electronic media news directors at the Presidential
Secretariat.In the discussion held, the President even more mentioned that the federal government expects the prolonged fund center of the
International Monetary Fund (IMF) to be received in the very first half of this year.The President discussed that India will reveal its
reaction concerning Sri Lankas financial obligation restructuring prior to the end of this month, and another round of discussions with
China concerning financial obligation restructuring has actually begun nowadays and those discussions will also be concluded
effectively. .
Wickramasinghe stated that there has been no demand to China to write off the loans provided to Sri Lanka, but that they have actually
requested to be given time to repay the loans within a duration of 20 years.The President also pointed out that it is anticipated that there
will be an excellent response from China.The President also said that after receiving the extended credit facility from the International
Monetary Fund, international banks including the World Bank and the Asian Development Bank have already reacted positively to the financial
backing supplied to Sri Lanka.President Ranil Wickramasinghe states that the government expects to receive Indias reaction relating to the
countrys debt restructuring at the end of this month.The President pointed out that he has rebooted negotiations with China regarding debt
This short article first appeared/also appeared in https://adaderana.lk
