Crucial talks on debt restructuring to be held next week

A crucial discussion with Sri Lanka’s creditors is scheduled to be held on 03 Nov.During this meeting, Sri Lanka’s debt restructuring is to be discussed at length.

Chief of Staff and Senior Advisor to the President on National Security, Sagala Ratnayake, met with the outgoing IMF Resident Representative for Sri Lanka, Tubagus Feridhanusetyawan, and its incoming Resident Representative, Sarwat Jahan, at the Presidential Secretariat, on Thursday evening.

The President Media Division (PMD) said yesterday that the three-member IMF team had met with Ratnayake and exchanged views on prior action and debt restructuring.

Ratnayake assured the IMF team that he would brief President Ranil Wickremesinghe on the matters that were discussed at this meeting, and convey the President’s response to the IMF. President’s Senior Adviser on Economic Affairs, R.H.S. Samaratunga, also joined the discussion.