Japan, India, and France on April 13 unveiled a plan to initiate a negotiation process with Sri Lanka’s creditors to coordinate the restructuring of Sri Lanka’s debt as the country seeks to resolve its economic crisis.
The plan was announced following a high-level meeting between officials from the three countries on the sidelines of International Monetary Fund (IMF) and World Bank meetings in Washington. Sri Lankan President Ranil Wickremesinghe also participated virtually.
“The ministers announced the launch of the debt restructuring negotiation process on Sri Lanka under the three Co-Chairs: India, Japan, and France, to lead coordinated debt restructuring of Sri Lanka,” India’s finance ministry said in a statement….