President Ranil Wickremesinghe said that one of the recent key achievements by the Government was the successful negotiation with creditors over the country’s debt.
He acknowledged the cooperation of all creditor groups and commended their constructive engagement.
“Notably, negotiations with China Exim Bank resulted in an agreement in principle to restructure the country’s debt, signalling a positive step forward in the economic stabilisation process,” said the President at the inauguration of the Economic summit in Colombo on November 28.
President Wickremesinghe highlighted the Government’s transparent and good-faith negotiations with creditors, dispelling expectations of challenges in the process.
He specifically mentioned the engagement with the Official Creditor Committee and China Exim Bank, showcasing Sri Lanka’s ability to navigate complex negotiations successfully. The President said that the IMF Board would conclude the first review of Sri Lanka’s EFF program within the month of December.
The economic summit, held for two days, was hosted by the Ceylon Chamber of Commerce.
