1st Meeting of Sri Lanka Creditors Held

Members of the military lower the Sri Lankan national flag in the evening at Galle Face Green in Colombo October 19, 2011.
17:04 JST, May 10, 2023
TOKYO (Jiji Press) — Japan and other creditors to Sri Lanka on Tuesday held their first meeting on debt restructuring for the South Asian country effectively in default.
The online meeting, co-chaired by Japan, India, France and others, brought together 26 countries including 19 creditors. China, the biggest creditor to Sri Lanka, was present as an observer.
The group of Sri Lanka creditors, established last month, is a multinational framework involving emerging economies, whose influence over the global economy is increasing.
China has shown reluctance to disclose details of its loans to Sri Lanka, such as amounts and lending terms.
"Politics" POPULAR ARTICLE
-
Farm Ministry Eases Rules for Release of Stockpiled Rice; Govt Criticized for Slow Response to Soaring Prices
-
LDP Money Scandal Hits Tokyo Metropolitan Assembly; Ruling Party Worries Over Effect On Summer Elections
-
Noda Questions Ishiba on Corporate Donations, Surname System; Disclosure Not Prohibition, PM says
-
Japan Intends to Boost Defense Capabilities on Yonaguni Island; Area Set to Deploy Ballistic Missile Countermeasures
-
Laos Prime Minister Set to Meet with Japan Prime Minister Ishiba During Visit to Japan From Tuesday
JN ACCESS RANKING