US Ambassador emphasizes fairness and transparency in Lanka’s debt restructuring

The United States Ambassador to Sri Lanka Julie Chung has reinforced the need for fairness in Sri Lanka’s debt restructuring stressing that equal and equitable treatment for all creditors is essential.

Ambassador Chung expressed this view when she met with the Governor of Sri Lanka’s Central Bank Dr. Nandalal Weerasinghe on Wednesday to discuss Sri Lanka’s program with the International Monetary Fund (IMF).

The Ambassador emphasized that transparency from every party involved in the debt restructuring program is crucial.

The envoy congratulated the Central Bank Chief on reaching the staff-level agreement with the IMF, marking progress in Sri Lanka’s effort to secure the second IMF installment.

Ambassador Chung assured that the United States remains committed to an “economic landscape that values fairness, transparency, integrity, and inclusivity, ensuring stability and growth in Sri Lanka.”